US EditionSurvey: More than 1 in 5 adults falling victim to financial fraud
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Survey: More than 1 in 5 adults falling victim to financial fraud
More than one in five adults have fallen prey to financial fraud or scams, with that number higher among older adults, according to the Federal Reserve Economic Well-Being of U.S. Households in 2024 report. The report outlined credit cards as the most often used vehicle for fraud, with 17 percent of respondents. Those ages 45 and older were more likely to fall victim to credit card-related fraud. “In contrast to differences by age, the incidenc…
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