Elder fraud losses in the US reach $7.7 billion

Americans over the age of 60 reported $7.7 billion in total fraud losses in 2025, marking a 59% increase from 2024, according to the FBI’s Internet Crime Complaint Center. The average loss per victim was $38,500.

Experts note that social isolation and loneliness among older adults can make them more vulnerable to scammers who build long-term relationships with their targets. Common tactics include imposter, grandparent, romance, gift card, refund, and cryptocurrency scams.

Warning signs of financial abuse include missed payments, excessive spending, or the appearance of strange new friends. Caregivers are encouraged to monitor accounts and communicate frequently to safeguard loved ones. Suspected abuse should be reported to the Federal Trade Commission or the FBI.