Washingtonians lost nearly $250 million to fraud in 2023, according to a new Federal Trade Commission report.
Why it matters: Americans lost a record $10 billion to fraudsters in 2023, with no group — young, old, even computer-savvy — showing immunity to the evolving and increasingly sophisticated scams, according to the FTC and other consumer protection groups.
- In fact, over the last few years, Gen Xers, millennials and Gen Zers were 86% more likely to report losing money to online shopping scams than older adults, per the FTC.
By the numbers: More than 53,000 fraud reports were filed by Washington residents, according to the FTC.
