In a world increasingly connected by technology, the promise of convenience and connection also brings a darker reality: scams are on the rise, and older adults are among the most targeted. According to a recent report by the Federal Trade Commission (FTC), adults over 60 reported losing $1.6 billion to fraud in 2023 — a staggering number that likely underrepresents the true scale of the problem.
But behind every statistic is a story. A grandmother who thought she was helping her grandson in trouble. A retiree who believed they were investing in a legitimate opportunity. A widower who found companionship online, only to be emotionally and financially exploited.
Why Older Adults Are Targeted
Scammers often prey on older adults for several reasons:
- Trusting nature: Many older adults were raised in a time when a handshake meant something and people were more inclined to trust.
- Financial stability: Retirees often have savings, pensions, or home equity — making them attractive targets.
- Isolation: Loneliness can make someone more vulnerable to romance scams or phishing schemes disguised as friendly outreach.
- Technology gaps: While many older adults are tech-savvy, others may not be as familiar with the latest digital threats.
The Most Common Scams
The FTC report highlights several types of fraud that are especially prevalent:
- Imposter scams: Someone pretends to be a grandchild, government official, or tech support agent.
- Investment scams: Fraudulent opportunities promising high returns.
- Romance scams: Emotional manipulation through fake online relationships.
- Tech support scams: Pop-ups or calls claiming your device is infected.
The Emotional Toll
Beyond the financial loss, there’s a deep emotional impact. Victims often feel shame, embarrassment, or fear of being judged — which can prevent them from reporting the crime or seeking help. But it’s important to remember: being scammed doesn’t mean you’re foolish — it means someone else was deceitful.
What We Can Do
- Talk about it: Open conversations with loved ones about common scams can break the stigma and raise awareness.
- Stay informed: Follow updates from trusted sources like AARP, the FTC, or local law enforcement.
- Report fraud: Encourage reporting to the FTC at ReportFraud.ftc.gov — it helps track patterns and protect others.
- Use tech wisely: Enable two-factor authentication, use strong passwords, and be cautious with unsolicited calls or emails.
A Call to Protect and Empower
Scammers thrive in silence. But when we speak up, share stories, and educate one another, we build a community that’s harder to deceive. Whether you’re an older adult, a caregiver, or simply someone who cares — your voice matters.
Let’s turn awareness into action. Because protecting our elders isn’t just about preventing fraud — it’s about honoring their dignity, wisdom, and the lives they’ve built.
More Information from AARP:
https://www.aarp.org/money/scams-fraud/older-adults-ftc-fraud-report