Doug Austin: Most Likely Victims of Scams? It’s Not Who You Think

Extract from Doug Austin’s article “Most Likely Victims of Scams? It’s Not Who You Think”

At least according to this UK survey, the most likely victims of scams aren’t old people. They’re millennials and Gen Zs – 18- to 34-year-olds.

According to the Evening Standard (Fifth of 18 to 34-year-olds have fallen victim to financial scams – survey, written by Vicky Shaw), people aged 34 or under are around twice as likely to have fallen victim to a scam as older age groups. Specifically, just over a fifth (22%) of 18 to 34-year-olds said they had been the victim of financial fraud at least once, compared with 12% of people aged 35 to 54 and around one in 10 over-55s.

This result per a survey of 4,000 people across the UK in September, which was carried out for online bank Marcus by Goldman Sachs.

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