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Older Americans Are Losing Billions to Scammers, and the Numbers Are Getting Worse

Reported fraud losses among Americans 60 and older have surged since 2020, with investment scams accounting for more than $1 billion.

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Modern tech like AI has made it easy, nearly effortless, to scam people. Some of the most vulnerable Americans who are 60 and older become easy prey for scammers using a range of techniques, including romance scams and celebrity scams, wherein a con artist digitally masks themselves as someone else entirely to trick someone into thinking they need money.

A new Federal Trade Commission report digs into the numbers and found that fraud targeting older adults blew up from $600 million in 2020 to a massive $3 billion reported in 2025, with total........

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