34 per cent of millennials admitted to losing money from a scam. (Photo: iStock)
Scams to the left and scams to the right: these annoying scourges are everywhere these days and it seems like everyone has a tale to tell. Quite surprisingly, seniors, the demographic you’d think is the prime target for fraudsters actually isn’t, according to a new survey from The Better Business Bureau.
Tech-savvy millennials actually top the list, with 34 per cent of 18-24 year olds having admitted to losing money from a scam, compared to just 11 per cent of seniors.
Millennials are falling for a number of scams, with credit information fraud and knock-off celebrity attire the most common. The former has fraudsters sending official-looking e-mails from known companies asking for personal information to be updated. The latter has scammers sending poor quality imitations of outfits worn by the stars at red carpet events.
According to Deborah Brady, president and CEO of the Better Business Bureau in western Ontario, "Seniors have been getting a little more savvy. They are preparing themselves by learning about the scams and are now less likely to fall for them," she said. "They're not targeted any less, but they're not falling for the scams as much."
The BBB has a web site to track user reports of scammers
and while the descriptions are unverified, the amount of money lost and frequency of these scams both seem to be going strong.