Reported fraud losses among older Americans hit $3 billion in 2025 as big losses surge: FTC report
CNBC
Last updated: October 23, 2026
The Federal Trade Commission (FTC) reported a significant increase in fraud losses among older Americans in 2025, reaching a total of $3 billion. A substantial portion of these losses, specifically large-sum frauds, significantly contributed to this overall figure.
- Older Americans reported losing $2.1 billion in fraud cases where individual losses were $100,000 or more.
- These large-loss incidents constituted 70% of the total $3 billion lost to fraud by this demographic in 2025.
- The FTC's data highlights the escalating financial impact of fraud on the elderly population.
- The figures indicate a concentration of significant financial harm within a subset of reported fraud cases, characterized by high individual loss amounts.
