Older veterans were much less likely to file complaints about their credit report in 2023 than the general population … but other types of scams, frauds, and financial concerns were much more prevalent among former servicemembers, a government report found.

Complaints from self-identified veterans over age 62 jumped 17% from 2022 to 2023, according to the annual report from the Consumer Financial Protection Bureau’s Office of Servicemember Affairs, released last month. And while the report says far fewer of these complaints focused on credit reports than in the general public – 21% of veterans versus 79% of the overall population – it pointed to several areas where older veterans reported more problems:

• Credit card complaints made up 19% of older veterans’ issues, compared with 4.2% of the general public.
• Checking- or savings-related complaints made up 17% of older veterans’ issues, compared with 3.9% of the general public.
• Mortgage-related claims made up 12% of older veterans’ issues, compared with only 1.7% of the general public.