Senior Statistics Hub

Elder fraud

Elder Fraud & Financial Exploitation Statistics

How much older adults lose to scams and financial exploitation each year — and who’s behind it. Current figures from the FBI, FTC, and AARP. Free to cite and embed.

Last updated June 2026 · Compiled by KinKeeper

Key statistics

$4.9B
lost to internet crime by adults 60+ in 2024 — up 43% year over year
$28.3B
lost to elder financial exploitation per year — ~72% by someone the victim knows
87.5%
of older victims defrauded by someone they know never report it

Where elder fraud hits hardest

Where older adults lose the most to fraud

KinKeeper

Reported fraud losses (victims 60+) per resident age 65+, by state ($), 2024

View chart data
CategoryValue
Alabama$36
Alaska$80
Arizona$133
Arkansas$50
California$132
Colorado$79
Connecticut$45
Delaware$56
District of Columbia$2,826
Florida$79
Georgia$103
Hawaii$62
Idaho$55
Illinois$61
Indiana$31
Iowa$59
Kansas$45
Kentucky$32
Louisiana$47
Maine$41
Maryland$75
Massachusetts$77
Michigan$48
Minnesota$51
Mississippi$56
Missouri$56
Montana$52
Nebraska$63
Nevada$147
New Hampshire$54
New Jersey$81
New Mexico$71
New York$71
North Carolina$46
North Dakota$43
Ohio$43
Oklahoma$74
Oregon$58
Pennsylvania$58
Rhode Island$30
South Carolina$56
South Dakota$53
Tennessee$50
Texas$117
Utah$106
Vermont$29
Virginia$71
Washington$80
West Virginia$15
Wisconsin$45
Wyoming$77
About this data. Totals come from the FBI IC3 2024 report — losses reported by victims age 60+, by state — and largely track population (California, Texas, and Florida lead). The per-capita view divides those losses by each state’s population age 65+ (Census ACS 2023), which normalizes for size: Nevada, Arizona, and California rise to the top. Figures are self-reported and undercount real fraud. D.C. is an extreme per-capita outlier — a few large business-email-compromise cases booked to D.C. addresses, not residential senior victims — and is capped on the map’s color scale.

Losses are climbing

Reported fraud losses by older adults keep climbing

KinKeeper

Total losses reported by victims age 60+ ($ billions), FBI IC3

View chart data
CategoryValue
2022$3.1B
2023$3.4B
2024$4.9B

Source: FBI Internet Crime Complaint Center (IC3)

Theme
About this data. FBI Internet Crime Complaint Center (IC3) — cyber-crime complaints filed voluntarily with self-reported losses for victims age 60+. Voluntary reporting undercounts actual losses. 2023 value interpolated from the reported +43% YoY (2024 = $4.885B). Pull exact 2022/2023 figures from the IC3 annual reports before publishing.

Older victims lose more per scam

Older victims lose far more per scam

KinKeeper

Median reported loss per fraud report, by age

View chart data
CategoryValue
Ages 20–29$417
Ages 80+$1,650

Source: FTC, Protecting Older Consumers (2023–24)

Theme
About this data. U.S. FTC Consumer Sentinel Network — fraud reports filed voluntarily by consumers; self-reported median loss by age band. Older adults report fraud less often but lose much more per incident.

Where the money goes

Where older adults lose the most money

KinKeeper

Reported losses by adults 60+, by scam type ($ millions), 2024

View chart data
CategoryValue
Investment scams$744M
Business impersonation$377M
Government impersonation$375M
Tech-support scams$159M

Source: FTC, Protecting Older Consumers (2024–25)

Theme
About this data. FTC Consumer Sentinel reports filed by adults 60+, grouped by scam category, 2024. Dollar figures are self-reported losses and undercount real harm, since most fraud is never reported.

A practical next step

Turn the numbers into a calmer family plan.

Learn the warning signs, agree on a pause-and-verify routine, and use read-only account visibility only with the older adult's permission.

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