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. (00:36–00:42)
CLAIM
Asserts that older Americans lose more money to scams on average compared to younger adults.
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