Seniors Against Fraud and Exploitation (SAFE) asks:
What will be the aggregate reported losses by older adults in the US due to Business Imposters in 2022, according to the Federal Trade Commission (FTC)?
Closed Feb 11, 2023 08:01AM UTC
Fraud against older Americans has been increasing (WSB-TV). The question will be suspended on 10 February 2023 and the outcome determined using 2022 data as reported in the FTC's 2022-2023 Protecting Older Consumers report, expected in October 2023 (FTC - Press Release). In the 2021-2022 report released in October 2022, the FTC reported that aggregate reported losses by older adults due to Business Imposters totaled $151 million in 2021 (Protecting Older Consumers 2021-2022, see page 33 in the file). Older reports are also available online (Protecting Older Consumers 2017-2018, Protecting Older Consumers 2018-2019, Protecting Older Consumers 2019-2020, Protecting Older Consumers 2020-2021).
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The question closed "More than $252 million but less than $353 million" with a closing date of 11 February 2023.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Less than $151 million | 1% | |
| Between $151 million and $252 million, inclusive | 14% | |
| More than $252 million but less than $353 million | 78% | |
| $353 million or more | 7% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 30 |
| Average for questions older than 6 months: 206 | |
| Number of Forecasts | 98 |
| Average for questions older than 6 months: 586 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
