Elderly Americans Lose $745M to Scams in 2025

Americans age 60 and older have lost more than $745 million to scams in the first three months of 2025, nearly $200 million more than at the same point last year, according to the Federal Trade Commission (FTC).

So far in 2025, there have been over 677,000 fraud reports across the country, with over $3.18 billion losses, according to the FTC.

Between January and March 2025, Americans ages 60 to 69 reported 60,379 fraud incidents, accounting for 16 percent of all fraud reports so far this year, according to the FTC. Those reports resulted in an estimated $355 million in losses, with a median loss of just under $600.

Older adults ages 70 to 79 reported fewer fraud cases, however with higher median losses. More than 45,000 incidents totaling $299 million in losses, with the media loss just under $1,000.

With still fewer cases but much higher median losses, Americans age 80 and older reported just over 12,500 scams from January to March, costing $91 million in total, and around $1,900 in median losses.

Altogether, older Americans have reported more than $745 million in losses to scams in the first quarter of 2025. Last year, the FTC noted that Americans aged 60 and above reported $546 million losses in scams.