Protecting Connecticut Seniors from Investment Scams
Investment fraud is the costliest scam type targeting American seniors, and Connecticut is no exception. In 2025, 164 Connecticut seniors aged 60 and older reported investment scam complaints to the FBI. With total elder fraud losses in the state reaching $73.2 million, protecting retirement savings has never been more critical.
Why Connecticut Seniors Are Especially Vulnerable
Several factors unique to Connecticut put seniors at heightened risk for investment fraud:
- High-value targets: Connecticut has one of the highest median household incomes in the nation, making its seniors prime targets for investment and financial fraud
- Aging population: Connecticut has the 6th-oldest median age in the country, with a rapidly growing population of residents over 65
- Financial hub proximity: Proximity to New York City financial markets means Connecticut seniors are more likely to be targeted by sophisticated investment scams
- Mixed urban-rural divide: While cities like Hartford and New Haven have resources, many Connecticut seniors in smaller towns lack access to in-person tech help
- High cost of living: Connecticut’s expensive cost of living means seniors on fixed incomes feel greater pressure from financial losses
5-Year Trend: Investment Scam Losses in Connecticut (2021–2025)
| Year | Victims (60+) | Losses | YoY Change |
| 2021 | 16 | $2.3M | — |
| 2022 | 38 | $8.6M | +274% |
| 2023 | 56 | $10.4M | +20% |
| 2024 | 86 | $12.0M | +16% |
| 2025 | 164 | $31.6M | +163% |
| 5-Year Total | 360 | $64.9M | +1267% |
Source: FBI Internet Crime Complaint Center (IC3) Annual Reports, 2021–2025. Victims and losses for Connecticut residents aged 60 and older.
Connecticut ranks #25 nationally in investment scam losses targeting seniors, with $31.6 million lost in 2025 across 164 reported victims. Year over year, losses surged +163% — significantly faster than the national average of +83%. Over the full five-year period, investment scam losses in Connecticut grew +1267%.
Complete guide: For detailed warning signs, protection strategies, and what to do if you’ve been targeted, read our comprehensive Investment Scam Prevention Guide. You can also take our free Online Training courses to test your knowledge.
Report Investment Fraud in Connecticut
- Office of the Connecticut Attorney General: (860) 808-5318 | portal.ct.gov/ag
- SEC: sec.gov/tcr
- FINRA: (844) 574-3577 | brokercheck.finra.org
- FBI IC3: ic3.gov
Free Training Available
Take our free online course to learn more about protecting yourself from investment scams:
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