Imposter scams cost older adults $700 million in 2024, FTC finds: Some victims are ‘clearing out' their 401(k)s
- Posted on August 8, 2025
- By CNBC
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Imposter scams cost older adults $700 million in 2024, FTC finds: Some victims are ‘clearing out' their 401(k)s

Americans age 60 and older are increasingly reporting being victims of imposter scams, sometimes losing their life savings.