The number of older Americans getting scammed out of their savings has exploded over the last four years.

A new report from the FTC details how scams targeting adults over the age of 60 have proliferated, with losses over $100,000 more than three times as likely to affect older people.

“Some people 60+ have reported emptying their bank accounts and even clearing out their 401ks,” the FTC’s Division of Consumer Response and Operations wrote. “While younger people report losing money to these imposters too, reports of losses in the tens and hundreds of thousands of dollars are much more likely to be filed by older adults, and those numbers have soared.”

Last year, 8,269 older adults filed a loss of $10,000 or more, more than four times as many reports as the FTC received in the same categ

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