Fact #19 NumbersPsychology

$1,650median fraud loss reported by people 80 and over, FTC 2024

People aged 80 and over reported a median fraud loss of $1,650 to the FTC in 2024, against $189 for those aged 19 and under.

Older people report fewer scams overall and lose more each time. The median rises with every age band in the data.

Source: US Federal Trade Commission.

Sources

  1. Consumer Sentinel Network Data Book 2024 (CSV data). US Federal Trade Commission. Accessed 2026-09-06.