Anyone can get scammed online, including the generation of Americans that grew up with the internet.
If you’re part of Generation Z — that is, born sometime between the late 1990s and early 2010s — you or one of your friends may have been the target or victim of an online scam. In fact, according to a recent Deloitte survey, members of Gen Z fall for these scams and get hacked far more frequently than their grandparents do.
Compared to older generations, younger generations have reported higher rates of victimization in phishing, identity theft, romance scams, and cyberbullying. The Deloitte survey shows that Gen Z Americans were three times more likely to get caught up in an online scam than boomers were (16 percent and 5 percent, respectively). Compared to boomers, Gen Z was also twice as likely to have a social media account hacked (17 percent and 8 percent). Fourteen percent of Gen Z-ers surveyed said they’d had their location information misused, more than any other generation. The cost of falling for those scams may also be surging for younger people: Social Catfish’s 2023 report on online scams found that online scam victims under 20 years old lost an estimated $8.2 million in 2017. In 2022, they lost $210 million.
The results from this relies entirely on the honesty of those polled.
Now think about that.
That was literally my first thought.
Maybe boomers are more embarrassed about being scammed (or just more private in general), and so basing all this on a self-reported study seems like a bit of a shaky foundation.
Would be great if they had some more data that wasn’t from self-reporting…
90% of the time they’re too stupid to even realize they’ve been scammed, and yes, they’ll fall for the exact same shit twice, even three times. For a point of reference, imagine someone your age on their 4th crypto rugpull and replace that with a Nigerian prince.