Financial fraud cost older adults up to $81.5 billion in 2024, FTC estimates — more are losing at least $100,000

From 2020 to 2024, the 60-plus age group's reported losses have jumped 300% to $2.4 billion from $600 million, according to the Federal Trade Commission.

# Financial fraud cost older adults up to $81.5 billion in 2024, FTC estimates — more are losing at least $100,000 From 2020 to 2024, the 60-plus age group's reported losses have jumped 300% to $2.4 billion from $600 million, according to the Federal Trade Commission. **Read the full article:** [CNBC](https://www.cnbc.com/2025/12/13/financial-fraud-seniors-ftc.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*