Bob Casey Jr.: “Last year, [older Americans] reported losing more than $1.6…”

“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, [older Americans] reported losing more than $1.6 billion to fraud, though the actual losses can be as high as $48 billion. It has long been an aging committee priority to protect older adults from fraud and from scams. Today, we're releasing the committee's eighth annual fraud book.” (00:41–00:56)

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