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The U.S. Federal Trade Commission (FTC) said today that Americans lost a record $12.5 billion to fraud last year, a 25% increase over the previous year.

Consumers reported that investment scams resulted in the highest losses, totaling around $5.7 billion with a median loss of over $9,000 and exceeding all other fraud categories. The second largest reported loss was linked with imposter scams, amounting to $2.95 billion in 2024.

Younger people have also reported losing money to fraud more often than people over 70, as 44% of all reports filed last year came from consumers between 20 and 29.

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Founded in 1918, the University of Illinois Press publishes works of high quality for scholars, students, and the citizens of the State of Illinois and beyond. Headquartered in Champaign, the Press is a unit of the University of Illinois System, serving campuses in Urbana-Champaign, Chicago, and Springfield. With a staff of 35, we publish 43 and about 90 new book titles each year and distribute them worldwide. We partner with scholarly societies, units of our host University, and other organizations in developing, publishing, and fulfilling significant scholarship in the humanities and social sciences. We also regularly offer publishing symposia and workshops to foster up-to-date and accurate understandings of current issues and best practices for scholarly publishing.