In just the past 12 months, an estimated $29.8 billion USD* was lost to phone scams, which is a 49.7% increase compared to last year’s $19.7 billion USD. Over the past seven years, the total money lost to scam calls in the US has been growing significantly. Losses to phone scams totalled $29.8 billion USD in the past 12 months Once again, this is the highest number recorded since we started researching scam and spam calls in the US 7 years ago. This is a clear increase compared to last year’s 56 million and 43 million from 2019. In the past 12 months, over 59.49 million Americans lost money to phone scams. 59% of Americans have received scam calls and/or SMS related to COVID-19 in the past year.ĥ9.4 million Americans have fallen victim to a phone scam in the past 12 months.The money lost to scam calls in the past 12 months equates to an estimated $29.8 billion USD*.The average reported loss was $502 – up from $351 in 2020.
Of those who lost money to phone scams in the past 12 months:.1 in 3 Americans (31%) report having ever fallen victim to phone scams, and 19% on more than one occasion.As many as 59.49M Americans (23%) report having lost money as a result of phone scams in the past 12 months – up from 56 million (22%) in 2020.Here are the key findings from the 2021 report: A staggering 29.8 Billion USD* was lost to phone scams in America over the past 12 months. Phone scams are relentless and the numbers don’t lie. It’s time for the 7th edition of the Truecaller Insights US Spam & Scam Report.