Millennials more likely to fall for scams than seniors, BBB says

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Tuesday, July 26, 2016

Younger Americans are more likely to become victims of a scam than senior citizens, according to the Better Business Bureau.

The BBB's scam tracker said 89 percent of seniors age 65 and older recognized a scam in time, and only 11 percent reported losing money. But millennials from ages 18 to 24 were more than three times as likely to miss a scam and lose money.

The BBB said seniors are less impulsive buyers and are less likely to make purchases online.