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Scams targeting individuals aged 60 and older caused over $3.4 billion in losses in 2023, an increase of
approximately 11% from the year prior, according to the FBI.
The average victim of elder fraud lost $33,915 due to these crimes in
2023.
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“Nothing could be more invidious than exploitation of the aged. These pressures that plague older persons place their health in jeopardy and further deplete their reduced incomes.”
People receive an average of nearly 12 fake messages or scams daily, via email, text, or social media.
The average American spends 94 minutes each week reviewing, verifying, or deciding whether a message sent through text, email, or social media is real or fake, equating to more than two standard work weeks per year.
