FTC Data Shows Investment Scams Fuel Fivefold Surge in Seniors’ Fraud Losses
By PYMNTS
AI summary of the source article
Fraud losses reported by older adults surged fivefold from $600 million in 2020 to $3 billion in 2025, according to the Federal Trade Commission. The agency released the findings in a report to Congress on protecting older consumers.
Key facts
- Fraud losses reported by older adults jumped from $600 million in 2020 to $3 billion in 2025.
- The Federal Trade Commission shared the data in its report to Congress titled 'Protecting Older Consumers 2025-2026: A Report of the Federal Trade Commission.'
Source excerpt · PYMNTS
Fraud losses reported by older adults increased fivefold between 2020 and 2025, leaping from $600 million to $3 billion, the Federal Trade Commission (FTC) said Monday (Oct. 19). The FTC shared this data in a press release outlining findings from its report to Congress, “Protecting Older Consumers 2025-2026: A Report of the Federal Trade Commission.” […] The post FTC Data Shows Investment Scams Fu…