Tech-savvy millennials getting scammed more than seniors
Seniors getting wise to traditional phone and door-to-door con games, say officials
Multiethnic Group of People Social Networking at Cafe
Technology-savvy youth are more likely to be swindled by fraudsters than seniors, according to the results of a Better Business Bureau survey that turns the stereotype of money scams on its head.
Research by the bureau indicates millennials are more vulnerable than baby boomers when it comes to getting duped for their hard-earned cash.
Eleven per cent of seniors reported losing money in a scam, while 89 per cent recognized the threat before getting fooled. Among the 18 to 24 demographic, 34 per cent reported losing money.
Results like these flip the stereotypes of seniors being the primary target of fraudsters, according to one of the report’s authors.
“These stereotypes are strongly held and they are wrong,” said Emma Fletcher, product manager with the Better Business Bureau Institute. “We are all at risk, but younger and more educated individuals are actually the most likely to be scammed.”
CBC
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