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AlthoughGen Zers are a digitally savvy generation, they are also more likely to fall victim to investment fraud.
Of those who were the victims of financial fraud, 14.29% of respondents aged 18-24 experienced investment fraud.
Sowhy is Gen Z more vulnerable to investment fraud?
Heres what experts have to say.
Gen Z is more comfortable with financial risks and often will doless due diligencebefore investing.
Unregulated Investment Choices
Another mistake that younger adults tend to make is making unregulated investment choices.
Gen Z is willingly giving those protections up.
Younger consumers have greater expectations for companies to help protect them from cyber threats, he said.
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