FTC data shows investment scams drove a fivefold increase in scam losses among older adults over five years

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FTC said that from 2020 to 2025, reported scam losses among people aged 60 and over rose fivefold, from $600 million to $3 billion. The increase in losses was mainly driven by cases involving more than $100,000, often involving investment scams, romance scams or impersonation scams; older adults also more frequently reported losing money to tech support, prize sweepstakes and family or friend impersonation scams.