American consumers are falling victim to scams more than they realize and the situation is getting worse.
That is an increase of 30% over the previous year, according to the Federal Trade Commission.
Yet, with so much underreporting, it’s hard to know the true extent of the impact.
To better understand the dynamics at play, AARP examined the behavior of fraud victims in a national study.
The results indicate that 20 million Americans may not be aware that they were victims of a scam.
The survey examined victim reporting versus nonreporting in relation to scam jot down.
Most respondents upon recontact, especially older consumers, did not disclose their victimization.
The national sample was weighted by age, gender, and race.
For more information, just contact Alicia Williams atarwilliams@aarp.org.
For media inquiries, kindly contact External Relations atmedia@aarp.org.
The Holiday Season Brings Out the Criminals
Holiday fraud is increasing, a recent AARP survey found.
In 2023, 78% of respondents experienced fraud, up from 69% in 2022.
Many are unaware of the PACT Act benefit.
