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Financial fraud cost older adults up to $81.5 billion in 2024, FTC estimates — more are losing at least $100,000
Market Intelligence Analysis
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Why This Matters
The FTC estimates that older adults have lost up to $81.5 billion to financial fraud from 2020 to 2024, with a significant 300% increase in reported losses to $2.4 billion in the 60-plus age group.
Market Impact
Market impact analysis based on bearish sentiment with 77% confidence.
Sentiment
Bearish
AI Confidence
77%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
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.
Original article published by
CNBC
on December 13, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.