Every time your phone rings or you open your email, there’s a dark threat looming in the background: scammers.
Scammers are a real and growing problem. The Better Business Bureau added 47,567 known scams to their online Scam Tracker database in 2018, nearly 5% more than the previous year. And the latest estimates from the Federal Trade Commission say that Americans lost nearly $1 billion to scammers in 2017.
And there’s a group that’s particularly at risk: seniors. Experian estimates that seniors lose as much as $36.5 billion a year through fraud, exploitation, and abuse of trust.
That number is likely to rise. By 2030, everyone in the Baby Boomer generation will be over 65, marking the first time there will be more Americans over 65 than children under 18. Life expectancy in the U.S. hovers around 79 years, and the last census showed that the 65-and-over population was growing faster than the total U.S. population.
Why We're Doing This
This is the kind of thing that makes us furious here at The Zebra. It runs counter to our beliefs in honesty and transparency. We do all we can to make sure you’re confident when shopping for insurance because we know that it can be a complicated decision. You might be under pressure to make a decision quickly (say, if you’re buying a new car), there may be industry terms that you don’t fully understand, and it’s a significant expense. The average American paid $1,427 in 2017 for car insurance coverage, 20% more than they spent in 2011.
But even beyond the time you spend at The Zebra, we’d like to remind you to keep an eye out for scams.