Olivia Mackenzie

News

Millennials are being scammed

18-to-34-year-olds are falling prey to fraud more than any other age group

You'd be forgiven for thinking millennials would be among the most wise to online scams but according to Lloyds Bank, 18-to-34-year-olds are falling prey to these frauds more than any other age group.

The Guardian reports that young people are tricked at a much faster rate than their peers because of their greater use of online banking. Still, people over 55 fall harder, with £10,716 stolen per scam on average, compared with £2,630 for the millennials.