Seniors Against Fraud and Exploitation (SAFE) asks:
What will be the aggregate reported losses by older adults in the US due to Investment Scams 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 Investment Scams totaled $147 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).
Seniors Against Fraud and Exploitation (SAFE) is a charitable and public service organization that seeks to eliminate the financial exploitation of older adults in all its forms, using statistical analysis, forecasting, and open source intelligence. Click here to follow them on Twitter.
Confused? Check our FAQ or ask us for help. To learn more about Good Judgment and Superforecasting, click here.
To learn more about how you can become a Superforecaster, see here. For other posts from our Insights blog, click here.
|Possible Answer||Final Crowd Forecast|
|Less than $147 million||2%|
|Between $147 million and $304 million, inclusive||31%|
|More than $304 million but less than $460 million||55%|
|$460 million or more||12%|