Don't assume that because they are younger and tech savvy, they won't fall victim to a scam. Be sure to warn your loved ones and to reach out to your credit union or other trusted financial partner if you think you have been scammed.
"People ages 18-24 reported losing more money to scams than older age groups, according to a new report published by the BBB Institute for Marketplace Trust (BBB Institute), the International Association of Better Business Bureaus’ educational foundation."
Riskiest scams
Employment scams continue to be the riskiest scams for ages 18-24, making up almost 30% of scams reported by this age group to BBB Scam Tracker. This scam type had the highest median dollar loss of all scam types reported by this age group ($1,819).Riskiest scams for 18-24-year-olds:
1. Employment
2. Online purchase
3. Cryptocurrency
4. Rental
5. Investment
6. Fake check/money order
7. Phishing
8. Romance
9. Advance fee loan
10. Credit repair/debt relief
Visit the link below to access details from the Better Busineau's website.