Imposter scams cost older adults $700 million in 2024, FTC finds: Some victims are ‘clearing out' their 401(k)s

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Americans age 60 and older are increasingly reporting being victims of imposter scams, sometimes losing their life savings.
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.