NASHVILLE – The Tennessee Department of Commerce & Insurance’s (TDCI) Securities Division is sharing the results of an annual report from the Federal Trade Commission (FTC) that reveal a fraud loss trend that may be surprising to some: Millennials reported losing money to financial scams more than older consumers. According to the FTC’s 2017 Consumer Sentinel Network Data Book, consumers in their twenties reported losing money to fraud more often than those over age 70.
Similar Stories to Ftc Report: More Millennials Lose Money In Scams Than Older Consumers on Bing News
Kingsport Times-News, Kingsport Times-News
Wed, 03/21/2018 - 9:00pm
Sections: u.s.
Topics: Tennessee Sullivan County Kingsport
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BING NEWS:
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The FBI received more than 100,000 complaints by victims of scams over the age of 60 last year, with nearly 6,000 people losing more than $100,000.
05/4/2024 - 2:30 am | View Link - Americans older than 60 lost $3.4 billion to scams in 2023: FBI
Fraud against people older than 60 increased by 11% in 2023, according to a report released by the FBI on Tuesday.
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04/22/2024 - 12:59 pm | View Link - FTC joins Idaho agencies to share stories behind rising consumer scams
BOISE, Idaho — Scammers target and deceive people from all walks of life, taking their money and personal information ... and shared tips on how to spot scams. The FTC held a press conference ...
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