A new analysis from the Federal Trade Commission spotlights a disturbing surge in scams targeting older Americans, with retirees increasingly falling prey to fraudsters impersonating trusted businesses and government agencies to steal their life savings.
The FTC report reveals a sharp escalation in high-dollar impostor scams over the past four years. Reports from victims aged 60 and older who lost at least $10,000 have quadrupled from 2020 to 2024.
Even more alarming, the number of reports inv