find scams
as seen onABCBBCCNETFOXCBSFOX BUSINESSCTVGLOBAL TVKIPLINGERBreakfast TV

Why Millennials Are More Vulnerable To Risks

 

4 Reasons Why Millenials Represent Easy Targets

Did you know that if you conducted a poll today a whopping seventeen percent of people between the ages of 18 and 24 that go online would simply tell you that they have been the victim of a scam or two? When you sit down and consider the number of people that seventeen percent would make up, this is truly troubling.

We are talking about thousands to millions of today's young people. How is this possible? Aren't millennials supposed to be more tech-savvy and computer-literate? These are the individuals that grew up with this kind of technology available to them. Why are they falling prey to it? Let's take a look.

Watch the must-see video below to understand why millennials are most likely to lose money to fraud more than any other generation:

Why Millennials Are in Danger Video

 

The Invincibility Factor

One of the most common reasons that millennials are getting scammed today is because they simply think it can't happen to them. They think they are above it or too smart for it. This is not the case at all. This probably has to do with most studies.

If you look at most studies conducted today, you will discover that they show that the elderly, along with the less educated and lower-income, are the ones that get scammed online. These studies might represent some of the truth, but it also gives millennials a false bravado. They believe that they are more secure when they aren't. This makes millennials more rash and quicker to take risks.

If you look at the elderly that have been scammed online, it was probably not something that happened overnight. These individuals are less impulsive and take their time before making major financial decisions, whereas millennials do not because they have a false sense of online security.

 

millennials fraud

 

Millennials Shop More Online

Millennials are at more of a risk of getting ripped off online because this is where they are spending most of their time. In fact, most millennials will tell you that they wake up and get online before brushing their teeth. Some might even get online before getting out of bed.

In addition to this, millennials are also more likely to surf the net before going to bed at night. If millennials are simply spending more time online, who do you think is shopping more online? When you spend this much time doing anything, you just get comfortable with it.

The more comfortable you get, the lower you are going to drop your guard, which will only lead to potential problems.

 

The Gaming Culture

There is simply no denying that millennials are amongst some of the biggest gamers on the planet. Yes, gaming has changed dramatically over the years and now several people from the elderly to baby boomers game, but it seems like millennials are the most prevalent. There is nothing wrong with this as gaming should be seen as a fun and active activity. Heck, there are now even many millennials that are getting paid to play games professionally on sites like https://prediksitogel55.com.

The only problem with the gaming industry is that you usually have to either pay a monthly fee or make a cash deposit every time you want to play. This is easy with e-wallets like PayPal but every time you put in your information on one of these sites, there is the potential risk that someone could gain access to it.

 

The Culture Of Sharing

Just in case you haven't noticed, millennials have a sense of sharing. In fact, you will see that they almost share everything. This is why social media sites like Facebook and Twitter have soared in popularity over the last couple of years. This is also the reason of countless scams and identity theft cases.

Even though people are willing to share their texts, images, pics, and videos, you wouldn't think that they would be willing to share their usernames and password as well. Doesn't these sites specifically tell you not to give out your usernames and password when you first sign up? Aren't you supposed to pick a unique name and password so no one can guess it?

This is true, but unfortunately, millennials have become used to the element of sharing. The aspect of sharing prevents a false sense of trust that shouldn't be there. Being connected with people daily brings out trust and understanding that shouldn't be there.

The same issue happens for fake businesses as well. Millennials tend to trust and share any posts that seem to come from legitimate businesses promoting 'deals', without eventually checking out their BBB page or other online reviews.

 

How To Report Online Scams

Let your family and friends know about this article by sharing it on social media using the buttons provided. You can also officially report the scammers and other questionable characters to the Federal Trade Commission using the link below:

Report To The FTC Here

 

How To Protect Yourself More

If you want to be the first to find out the most notorious scams every week, feel free to subscribe to the Scam Detector newsletter here. You'll receive periodical emails and we promise not to spam. Last but not least, use the Comments section below to expose other scammers.




Add Your Comment


Editor's Choice

Argentina travel packages 2019

Scam Detector Gives Back To The Community

Scam Detector recently partnered with Travel by Dart, an inspirational web-series where two friends blindfoldedly throw a dart at the world map and travel wherever it lands, with the purpose of helping the land or the people. Click HERE or on the image below to watch the trailer of the series!

submit a scam button