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Young adults now losing more money to scams than any other age group

Young adults now losing more money to scams than any other age group
BUSINESS BUREAU SAYS THAT YOUNG ADULTS ARE NOW LOSING MORE MONEY TO SCAMMERS THAN ANY OTHER AGE GROUP. THAT’S DIFFERENT THAN THE HEADLINES WE’VE SEEN IN THE PAST. A COMPLETE REVERSAL FROM THOSE TRENDS WE’VE SEEN. AND SCOTT, HOW DID THIS ALL HAPPEN? ERIC AND NICOLE, FOR YEARS, OLDER ADULTS HAVE BEEN LOSING THE MOST MONEY TO SCAMS IN THE NEW AGE OF TECHNOLOGY. THAT’S CHANGED. THAT’S BECAUSE SCAMMERS KNOW WHAT 18 TO 24 YEAR OLDS USUALLY DON’T HAVE AND DESPERATELY WANT MONEY. EXPERTS AY EMPLOYMENT SCAMS MAKE UP NEARLY 30% OF THE SCAMS YOUNG ADULTS FALL FOR. FOR EXAMPLE, THEY MAY SEE AN AD THAT SAYS GET RICH FROM HOME OR MAKE MONEY FROM YOUR DORM ROOM. CURIOSITY DRIVES THEM TO CLICK ON THE LINK AND THEN THEY’RE ASKED TO PROVIDE SOME FORM OF PAYMENT AND USUALLY WHAT THEY WANT THEN IS THEY WANT TO SOME MONEY OUT OF YOU TO SET YOU UP SO YOU CAN DO THIS. SO YOU WRITE THEM A CHECK. YOU, YOU KNOW, SOME FORM OF GIVING THEM MONEY. AND THAT’S GOING TO SET YOU UP SO YOU CAN BECOME RICH. WELL, THEY TAKE YOUR MONEY AND THAT’S THE END OF IT. YEAH. END OF IT. ABSOLUTELY. JACOBSON SAYS TO BE WARY OF ANY JOB POSTING THAT IS JUST TOO GOOD TO BE TRUE. THE BETTER BUSINESS BUREAU SAYS ON AVERAGE, YOUNG ADULTS LOSE MORE THAN $1,8
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Young adults now losing more money to scams than any other age group
Young adults are now losing more money to scams than any other age group, according to the Better Business Bureau.Scammers are targeting 18-24-year-olds in a variety of scams, but employment scams are costing them thousands of dollars. Here are the 10 most common scams that young adults are falling victim to, per the BBB:Employment Online purchases Cryptocurrency RentalInvestmentFake check / money orderPhishing Romance Advance fee loan Credit repair / debt relief Watch the video above to see why scammers are targeting young adults.

Young adults are now losing more money to scams than any other age group, according to the Better Business Bureau.

Scammers are targeting 18-24-year-olds in a variety of scams, but employment scams are costing them thousands of dollars.

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Here are the 10 most common scams that young adults are falling victim to, per the BBB:

  1. Employment
  2. Online purchases
  3. Cryptocurrency
  4. Rental
  5. Investment
  6. Fake check / money order
  7. Phishing
  8. Romance
  9. Advance fee loan
  10. Credit repair / debt relief

Watch the video above to see why scammers are targeting young adults.