More Millennials Lost Money To Scams Than Seniors Last Year

Interesting fact: during last year's record number of data breaches, 40% of the complaints to the FTC about losing money to fraud were made by millennials, whereas only 18% of the complaints came from folks 70 years old and older.

An article in Market Watch also states that while this may be true, older folks seem to suffer the greatest financial loss, perhaps because they have a little more readily available money.  The infamous "senior scam", where a con artist poses as a grandchild needing financial help, may be the key scam tool. The article lists several top scams being used to separate people from their money.

Here is a link to the article:
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