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Marti DeLima

👤 Speaker
270 total appearances

Appearances Over Time

Podcast Appearances

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

They tend to report victimization at the highest frequency.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

And it is true that for different types of scams, we see different age groups being more likely to be targeted and victimized.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

For example, fake job opportunities and online shopping scams, that's way more likely to be young people.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

We also know that some of these extortion scams are targeting young men, like young boys.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

teenagers and preteens, but there are some scams that do seem to affect older adults at greater rates.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

One example is the tech support scam.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

We do see that when older adults are victimized, they have far more money stolen on average.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

So it could be that older adults are experiencing certain types of scams where more and more money is being requested by the criminals and it's not getting reported until the person discovers this is a scam.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

And by that point, it adds up to $10,000.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

But it also could be that older adults have more assets to exploit.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

It's possible that scammers are asking for more money from those individuals.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

Looking at the most recent data from the Federal Trade Commission, we see that adults, I believe, 80-plus

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

report somewhere around a median amount of $1,400.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

And then adults 50 and younger, it's closer to $400, $500.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

So it's like three times more.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

When I was a graduate student, I actually sat in as part of a research project on the Los Angeles County Elder Abuse Forensic Center.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

That's a multidisciplinary team of law enforcement, adult protective services, health care workers.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

Some of the cases involved scams and fraud, and I was fascinated by those cases because in many of them, the older adult didn't seem to have clear indicators of vulnerability or cognitive impairment.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

So they didn't look necessarily like some of our other victims in those cases who were incredibly vulnerable, sometimes bedbound.

Freakonomics Radio
667. Here’s Why You Are Constantly Fighting Off Scammers

And the perpetrators weren't individuals that they had this lifelong relationship with, like an adult son or daughter.