Recent studies have shown that younger people can also be vulnerable to scams. In many cases, the public thinks of scam victims as older individuals with less awareness about technology. However, the frequent use of technology – something younger people have a reputation for – can also leave the door open to more elaborate swindlers.
Protecting yourself from scams
Whether young or old, all Americans should be working to guard themselves from bad actors and criminals looking to steal their money.
If something seems too good to be true, it most likely is. When a person is told to deposit a check and then send back money, this too is a scam. It will lead to the person’s account being overdrawn once the bank realizes the check was fake.
Sending money to people you don’t know, sending money to apply for jobs, get a job, rent property you haven’t seen, etc., are also examples of scams to avoid.
At the end of the day, there are no free lunches. Those who claim otherwise likely do not have your best intentions at heart and may be targeting your financial resources.
