Elder Abuse Awareness Day: FBI Warns Americans About Elder Fraud

Strategic Insights -

As the world marks Elder Abuse Awareness Day on Sunday, June 15, the FBI is reminding elderly Americans and their loved ones about elder fraud, a form of financial exploitation that takes many forms and affects a growing and vulnerable population. The FBI is committed to educating the public about these scams and working with law enforcement agencies to prevent and investigate them.

Key Takeaways:

  • The FBI warns that elder fraud often involves scammers targeting elderly individuals, often through phone or online scams, and persuading them to give away money or sensitive information.
  • Elder abuse is a growing concern, with the FBI receiving an increasing number of reports of elder fraud and related crimes.
  • The FBI is working with law enforcement agencies and federal and state partners to prevent and investigate elder fraud, and to educate the public about the risks.
  • Americans are encouraged to be cautious when dealing with unsolicited calls or messages, and to report any suspicious activity to the FBI.
  • The FBI recommends that elderly individuals and their loved ones take steps to protect themselves, such as being cautious with financial transactions and keeping sensitive information private.

Statistics:

  • In 2024, the FBI received over 150,000 reports of elder abuse, with the majority involving financial exploitation.
  • Elder abuse cases often involve multiple victims and can result in significant financial losses for the elderly and their families.
  • The FBI estimates that elder abuse is a $37 billion industry, with financial exploitation being the most common form of abuse.

Sources:

  • US FBI, "Ahead of World Elder Abuse Awareness Day on Sunday, June 15, the FBI is reminding elderly Americans and their loved ones about elder fraud."
  • US FBI, "Elder Abuse Awareness Day: What You Need to Know."
  • US Whitehouse, "President Trump's Policies Are Delivering Wins Across America."