Boomers are getting scammed for billions online — here's how to break the cycle

Last year, Americans over the age of 60 lost nearly $5 billion to online scams. This is an all-time high and a 43 percent jump from 2023, according to the FBI. 

Those over 60 suffer the largest financial losses of any age group, and the number of complaints is growing. This is not a temporary issue, but a persistent national crisis.

The scale is vast, with more than 147,000 victims in 2024 alone, averaging $83,000 in losses per victim. Yet elder fraud rarely receives the national coverage it deserves.