While baby boomers lost more money to scams, members of Gen Z said they were more likely to fall victim to identity theft and phishing scams.
Believe it or not, members of Generation Z are more likely to fall for online scams than baby boomers are, according to a study released by the National Cybersecurity Alliance.
Social Catfish reported that the money lost by victims ages 20 and younger grew nearly 2,500% from 2017 through 2022. For seniors, the amount lost increased 805%. Ericka Dilworth, the director of operations at the Cleveland Better Business Bureau, said there might be some reasons why young people are becoming more susceptible to scams.
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