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SCARS™ Insight: U.S. Government Study Finds Millennials Are 25 Percent More Likely To Report Scams

SCARS™ Insight: U.S. Government Study Finds Millennials Are 25 Percent More Likely To Report Scams Even So, That Raises It From About 5% To 7% Of Them The Federal Trade Commission Says Millennials Are 25 Percent More Likely To Report That They Have Lost Money To Fraud Than Consumers Aged 40 And Over! However, that is not a glaring endorsement of Millenials since they fall for scams at a far higher rate than older adults. [...]

SCARS™ Analytics: Romance Scams Rank Number One On Total Reported Losses

SCARS™ Analytics: Romance Scams Rank Number One On Total Reported Losses According to the Bureau of Consumer Protection at the Federal Trade Commission, Romance Scams Come Out On Top! People looking for romance are hoping to be swept off their feet, not caught up in a scam. But tens of thousands of reports in Consumer Sentinel show that a scam is what many people find. In 2018, the FTC's Sentinel had more than 21,000 reports [...]