What they mean is that I’m not senile, or hysterical, or a rube. But these stereotypes are actually false. Younger adults — Gen Z, millennials, and Gen X — are 34 percent more likely to report losing money to fraud compared with those over 60, according to a recent report from the Federal Trade Commission. Another study found that well-educated people or those with good jobs were just as vulnerable to scams as everyone else.

Well Charlotte, you can tell yourself whatever you’d like to make yourself feel better but that’s not the complete story.

The median individual reported fraud loss by people 18-59 was $500 in 2021. …older adults were less likely to report losing money to fraud… The median reported loss was $800 for people 70-79, and a whopping $1,500 for those 80 and over.

Also younger people are more likely to get scammed where credit card protection are more likely to happen like buying goods online with a credit card.

And both old and young are no where near the $50,000 you lost.

Source: FTC.gov