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- Gen Z reported the highest median loss to scams for the second consecutive year, the BBB said.
- Online scammers are more often targeting younger victims these days, the agency says.
- While young people lost the most money overall, boombers lost the most to romance scams.
Many people associate online scams with their parents or grandparents, those non-native internet users who might easily fall for a run-of-the-mill phishing attempt.
But it's actually the generations that are perpetually online, like Gen Z, that are the most susceptible, and so it is Gen Z that is actually losing the most money — by far — to online scams.