Older adults are frequent targets of schemes to swindle people out of their money. The FBI reports that 92,371 older adults were victimized by fraud in 2021. They lost $1.7 billion, a 74% increase from 2020. Many older adults have accumulated substantial savings that attract financial scammers. Regardless of their wealth, older adults are seen […]
Older adults have been a frequent target of fraudulent investment schemes. The FBI reports a 74% increase in losses suffered by older fraud victims since 2020. In 2021, more than 92,000 older victims were swindled by financial scams. They lost at least $1.7 billion. Since many seniors never report their losses, the financial impact of […]
Updated: March 2025 Older consumers are frequent targets of scammers. The AARP Fraud Watch Network provides resources to help consumers protect themselves from swindlers. It educates seniors about fraudulent schemes and alerts them to scams that are operating in their communities. It also provides a Scam-Tracking Map to help seniors stay abreast of fraudulent schemes […]