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Most Likely Scam Victims

Most Likely Scam Victims

September 1, 2016

Stereotypical scam victim have been characterized as either elderly or uneducated, however, new research by the BBB shows that 69% of victims are under the age of 45, and 78% hold a college or graduate degree!

The truth is scammers are quite clever and are experts at gaining your trust—making all ages at risk of falling victims to scams.

RELATED: Real Estate Agent Jailed Over Fraud

One in four North American households each year is affected by scams, and annual losses to individuals and families are estimated at $50 billion, yet most consumers believe they are invulnerable. “Of those consumers reporting scams to BBB Scam Tracker, 89% of seniors (age 65 and up) recognized the scam in time, while only 11% reported actually losing money. For those age 18-24, however, more than three times as many failed to recognize the scam – 34% reported losing money.”

The takeaway – no one is immune from scams or identity theft. All of us are potential scam victims – regardless of age or education level. The best protection is to learn as much as you can about scams going on in your area and the tell-tale signs of a scam. Fore-warned is fore-armed.

RELATED: Yahoo Promotion Scam

For more information, go to “Invulnerability Illusion” Means Millennials More Likely to Get Scammed than Boomers.

To report a scam, go to the BBB Scam Tracker. To find trustworthy businesses, go to

Are you a victim of fraud or money scam? Share your story with us on the Money Credit and You Facebook page!

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