Americans Lose $8,900,000,000 To Scams in One Year, Says Federal Reserve – Here’s the Top Five Fraudulent Attacks Now Underway

The Federal Reserve Bank of Kansas City is warning about a surge in new financial scams targeting Americans in the last five years. According to a new briefing from the Kansas City Fed, the amount of money U. S. consumers lost to scams has more than tripled between 2020 and 2024, skyrocketing from around $2 source: https://dailyhodl.com/2025/09/06/americans-lose-8900000000-to-scams-in-one-year-says-federal-reserve-heres-the-top-five-fraudulent-attacks-now-underway/