MoneyFeb 4, 2024
How Much Money Americans Lost to Text Message Scams đź’¸
What we’re showing
The amount of money Americans lost from text message scams in the year 2022. These figures come from the Federal Trade Commission (FTC), accessed via USA Facts.
See the Dataset tab for further details.
Key takeaway
The most lucrative types of text message scams are related to investments and business, though “romance scams” are a close #3!
Context
- According to the FTC, text messages accounted for 22% of all fraud reports (329,599 in total).
- 6% of text message scams in 2022 resulted in money being lost.
Dataset
| Type | Total Lost (USD) | Number of Reports |
|---|---|---|
| Miscellaneous investments and investment advice | 149,530,000 | 5,600 |
| Business imposters | 35,060,000 | 104,900 |
| Romance scams | 33,700,000 | 8,300 |
| Job and employment scams | 15,760,000 | 11,800 |
| Government imposters | 10,800,000 | 19,600 |
| Fake check scams | 8,460,000 | 5,900 |
| Prizes, sweepstakes and lotteries | 7,890,000 | 11,600 |
| Online shopping | 5,500,000 | 9,300 |
| Medical treatments & cures | 43,420 | 4,200 |
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