Summary: The U.S. Federal Trade Commission (FTC) reported that Americans lost a record .5 billion to fraud in 2024, marking a 25% increase from the previous year. Investment scams led to the highest losses at .7 billion, with younger consumers aged 20-29 being the most frequently affected. The FTC emphasized that the reported statistics only represent a fraction of the actual fraud incidents occurring each year.
Affected: U.S. Consumers and FTC
Keypoints :
- Investment scams caused .7 billion in losses, with a median loss of over ,000.
- Imposter scams were the second highest, leading to losses of .95 billion.
- Younger adults (ages 20-29) represented 44% of reported fraud cases.
- Job scams and fake employment agency losses grew significantly, rising from million to 1 million in four years.
- Online scams resulted in over billion in losses, with email being the most common contact method.
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