In 2025, Americans lost $2.1 billion to scams that started on social media. Which of the following statements about those losses is accurate?

Facebook alone accounted for more reported losses than all text and email scams combined, according to FTC data from 2025. Social media was the single most costly fraud contact method for every age group under 80 that year. This challenges the assumption that social media scams mainly affect younger people. Shopping scams were the most commonly reported type by volume, but investment scams caused the most financial damage at $1.1 billion. The overall $2.1 billion figure represents an eightfold increase since 2020, and since most scams go unreported, the real total is likely far higher.