Reported fraud losses among older Americans hit $3 billion in 2025 as big losses surge: FTC report
What happened
- Americans ages 60 and older reported about $3 billion in fraud losses in 2025, up 25% from $2.4 billion in 2024.
- Losses of at least $100,000 accounted for 70% of total reported losses, although only 6% of victims reported losses of that size.
- Investment scams were the costliest category, with reported losses exceeding $1 billion, followed by government and business impersonation scams.
Why it matters
The data highlights rising fraud exposure for older consumers and potential implications for financial institutions, advisers, policymakers and firms managing transaction-monitoring and customer-protection risks.
What to watch. The Tax Relief for Fraud Victims Act was referred to the Senate Finance Committee, while the Financial Exploitation Prevention Act was referred to the Senate Banking Committee; whether either bill advances is uncertain.
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