People ages 20 to 29 saw the most striking increase, with the number of reports more than doubling since 2019. People ages 40 to 69 were once again the most likely to report losing money to romance scams. And people 70 and older reported the highest individual median losses at $9,475.
Who is most vulnerable to romance scams?
People aged 45-54 were most likely to be scammed with 37% reporting that theyve been targeted. People aged 35-44 came in close second with 35% reporting theyve been targeted by a romance scam. While 27% of those aged 18-24 and 24% of people aged 25-34 report being targeted by a scam.
Who is most at risk for scams?
The BBB report showed that Americans ages 18 to 34 were more susceptible to scams (43.7% were victims) than Americans 55 and older (27.6% were victims). However, while occurrences are less for older Americans, seniors still lose more money in scams than younger victims.
How many people are affected by romance scams?
Data from the Federal Trade Commission (FTC) shows that in the US, romance scams result in higher losses than any other type of scam. Victims lost $201 million to these types of scams in 2019, which was a whopping 40 percent increase over 2018, and more than a six-fold increase over 2015.
Who is targeted in scams?
Scams target people of all ages and backgrounds, however, some scams are more likely to target older people. Have you been scammed?
Why do people do romance scams?
Romance scammers want to keep their identities a secret. One way to keep you from questioning their identity is to promise to come visit. They may even have you pay for plane tickets or other travel costs.
Which age group is most affected by scams?
The age group that were most likely to be victims of fraud between April 2016 and March 2017 were aged between 35 and 44 years old with 7.4 percent of that age group falling victim to fraud. In general those aged over 75 suffered the least acts of fraud with 2.8 percent being victims.