Stats: Fraud losses skyrocket to $2.4 billion among those 60+

The US Federal Trade Commission (FTC) recently issued its annual report to Congress on protecting older adults, which shows a big increase in the number of older adults reporting losses of over $100,000 to scams. The report details the FTC’s multipronged efforts to stop deceptive acts and practices that impact older adults through law enforcement actions, rulemaking, and consumer education campaigns and outreach. It also highlights data gathered through consumer reports on fraud targeting older adults. It's well worth a read and could serve as the foundation for community education projects.