$12.5 Billion Lost to Scams in 2023, FTC Finds

This eye-opening AARP article highlights a sharp rise in financial scams with losses totaling $12.5 billion last year—up 25% from 2022. Older adults are among the hardest hit. What’s especially troubling is the growing sophistication of scams and how often they go unreported.

We believe staying safe at home includes being financially protected.

Education and awareness are key. This article underscores the importance of tools like the AARP Fraud Watch Network, which empowers older adults and their families with the resources they need to stay one step ahead.

Knowledge is the best defense. Let’s talk openly about scams so we can help prevent them—together.

Have you or someone you know ever encountered a suspicious call or message? What helped you navigate it?

Read the full article here: https://www.aarp.org/money/scams-fraud/older-adults-ftc-fraud-report.html