Millennials more likely to fall for scams than pensioners – but they’re too arrogant to realise

Young people are twice likely to be Falling victim to scamsThe older generation has a high level of internet confidence.

According to Marcus Bank, part Goldman Sachs, people under 34 years old are most susceptible to fraudsters’ pressure tactics and will share their personal information online and over the telephone.

Millions of families have been targeted and taken advantage of by scammers who take advantage of financial worries and the cost-of living crisis. Scammers use a variety of techniques to scam young people who want to make extra money, including fake job offers and investment scams.

The study revealed that one in five people under the age 34 have been victim to fraud, while one in ten of those over the age of ten has. They were also the most confident in their ability detect fraud. More than half of them stated that they were “technologically skilled” to fall prey to criminals.

“One of the reasons young people are more vulnerable to fraud is that they are more active in posting their personal data online, which makes them a target for fraudsters,” said Sarah Card, of Marcus.

“But scammers don’t discriminate and it doesn’t matter how old or tech-savvy, it’s important to remain vigilant,” she said.

Cifas is Britain’s largest independent antifraud agency. Sandra Peston, of Cifas has warned petty victims through fake mobile phones deals or by scammers pretending that they are debt collectors.

Criminals blasted paltry savings rates and stock market slumps in the first half of this year for stealing more than £61m by promising high returns through investment scams, according to figures from trade banking body UK Finance. Many people have used celebrity endorsements such as Holly Willoughby and Martin Lewis, to trick victims into paying thousands of pounds.

Scammers are also available Families have been targeted by a new wave of energy fraudThey use fake emails and texts to take advantage of government support programs.

Ms Beeston said: “At a time when young people are looking to make extra income or save money during a period of high inflation, low job vacancies and shrinking family budgets, criminals are targeting them more than ever.

“If you feel the slightest hint of unease, stop and take some time to think carefully before giving away your money or information. The scammer will only try to rush you or panic you.”

An investigation by The Telegraph in the earlier part of this year I found that six-year-olds were targeted by scammersMore than 1000 children and teens are being deceived each month.