Job offer scams are increasing, targeting millennials and Gen Zers

From Yahoo Finance: 2025-06-18 20:01:00

Consumers fell victim to text message scams, losing a total of $470 million in 2024, according to the Federal Trade Commission. The most prevalent scams involved fake package delivery and fraudulent job offers, with reported losses to job scams increasing threefold between 2020 and 2023, per Business Insider.

Experts warn that text message job scams may escalate as the labor market becomes more uncertain and people seek remote work opportunities. Advanced technology, like AI, makes these scams more convincing, preying on individuals’ financial concerns and offering seemingly legitimate job prospects, Business Insider reports.

Interestingly, millennials and Gen Zers are the most susceptible to falling for these scams, given their digital reliance. With no clear solution in sight, it’s up to consumers to safeguard themselves by scrutinizing offers, avoiding clicking on suspicious links, and refraining from sending money to unknown entities, Business Insider notes.

Job scams persist due to the appeal of earning extra income, making them a lucrative venture for scammers. Consumers are advised to exercise caution, as scammers exploit the desire for additional work opportunities, creating a widespread market for convincing job scams, according to the FTC’s Kati Daffan. 1. The stock market reached record highs today, with the S&P 500 closing at an all-time high of 4,500 points. This surge was driven by strong corporate earnings and positive economic data.

2. In international news, tensions are rising between Russia and Ukraine as Russian troops continue to build up near the border. The US and NATO have expressed concerns over the situation and are monitoring it closely.

3. The latest Covid-19 variant, known as the Delta variant, is spreading rapidly in several countries. Health officials are urging people to get vaccinated and follow safety protocols to prevent further spread of the virus.

4. Climate change continues to be a pressing issue, with wildfires raging in California and extreme weather events occurring worldwide. Experts warn that urgent action is needed to address the root causes of climate change and mitigate its impact.

5. In sports news, the Tokyo Olympics have come to a close with the United States finishing at the top of the medal table. Athletes from around the world showcased their talent and resilience in the face of challenges posed by the pandemic.

Read more: As The Labor Market Gets Rockier, Job Offer Scams Are On The Rise Duping Millennials And Gen Zers