Young Adults Losing More Money To Scams Using Money Wiring Services

Young Adults Losing More Money To Scams Using Money Wiring Services

PIERRE, (KCCR) –A recent Better Business Bureau report shows for the first time young adults between the age of 18 and 24 are more likely to be the target of scammers than older demographics. Jessie Schmidt with the Better Business Bureau in South Dakota says the results are showing them the need to change the way they target young adults to create more awareness of scams….

Schmidt says most young adults are losing their money to scams just like older demographics…

The highest median dollar loss via wire transfer for those 18 to 24 was over 21-hundred dollars with 15-hundred by checking and 12-hundred via cryptocurrency. Schmidt says keeping yourself safe from scammers is universal, regardless of age…

Other scam prevention tips include watching out for pressure to make a purchase and clicking on unsolicited emails or text messages.