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How to prevent elder fraud and financial abuse
Officials say Americans over 60 reported $7.7 billion in fraud losses in 2025, as scammers use relationships and repeated contact to gain trust.
- In 2025, Americans over 60 reported $7.7 billion in total fraud losses to the FBI's Internet Crime Complaint Center, marking a 59% increase from 2024.
- Loneliness, identified as a serious issue by the Surgeon General, leaves older adults vulnerable as scammers build relationships over time to exploit the human need for community.
- "The most challenging calls that we get in my office involve elder fraud," said Rodnee Warr, a gerontologist and executive director of Wells Fargo Advisor's Elder Client Initiatives team.
- Warning signs like missed payments or strange new friends should prompt reporting to the Federal Trade Commission and filing an elder fraud complaint with the FBI.
- Caregivers can help safeguard loved ones by monitoring accounts and confirming estate documents, while older adults should authenticate communications and remain skeptical of too-good-to-be-true deals.
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44 Articles
Coverage Details
Total News Sources44
Leaning Left4Leaning Right0Center39Last UpdatedBias Distribution91% Center
Bias Distribution
- 91% of the sources are Center
91% Center
C 91%
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