- 21% of U.S. adults (1 in 5) reported financial fraud or scams in 2024
- Non‑credit‑card fraud generated $84 billion in losses in 2024, with a $63 billion net loss after recoveries
- Median loss per fraud victim was $500; half of those who recovered funds still lost money
- A community bank estimated $40 million in annual fraud costs; large banks face hundreds of millions in losses
- 13% of Americans cannot cover a $400 emergency expense in cash
May 5, 2026
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Macro/Economy 2
- Commercial electricity sales in Virginia grew by nearly 30 million MWh from 2019 to 2025.
- Growth rate was the fastest among states, second only to Texas.
- Data centers are the primary driver, with EV adoption and building electrification adding to demand.
- The surge signals a notable shift toward higher regional electricity consumption.
Central Banks 1
- BoE Governor and Chancellor exchange letters on Asset Purchase Facility
- No immediate changes to policy announced
- Facility to continue supporting UK economy
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