Elderly people are losing more than a million pounds a day due to a rise in online scams, according to new figures
It revealed that £1.7bn has been lost by over-65s across the UK in the past four years – meaning that on average the age group is losing about £1.2m to fraud each day.
Financial losses were also at a new high in 2022, with pensioners losing nearly £460m, up 10 per cent from £417m in 2021. On average, each elderly victim has lost £8,314 – substantially higher than average trends of fraud against victims of all ages. According to the most recent ONS statistics, only 9 per cent of fraud victims overall incurred a loss of £1,000 or more.
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