More People in Their 20s Lost Money to Scams Than People in Their 70s in 2018

The Department of Justice announced results of the largest crackdown ever on scammers, but federal agents warn there is still a very real danger for consumers over 60. Consumer Reporter Susan Hogan reports senior citizens aren’t the only ones falling for scams. The FTC says 43 percent of people in their 20s reported losing money to fraud last year compared to just 15 percent of people in their 70s, but when the older generation did lose money, it was in much larger amounts.