Bob Casey Jr.: “In 2022, frauds and scams cost Americans $9 billion, a 30%…”

“We're here today to discuss fraud and scams, an issue that has touched millions of American families, including. Including, of course, older adults. In 2022, frauds and scams cost Americans $9 billion, a 30% increase from just one year before. Older Americans lose more money to scams on average than younger adults. Last year, they reported losing more than $1.6 billion to fraud, though the actual losses can be as high as $48 billion.” (00:27–00:37)

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