Latino adults were victimized by grandparent scams more than any other kind, an AARP survey found. The tug-at-your-heartstrings scam sees a bad actor impersonate a panicked grandchild who claims to be in trouble and needing money immediately. Or the crook purports to be a public defender or jailer involved with the younger person’s purported plight.
Rounding out the top five scams striking Latinos age 18 and older were romance, utility, lottery and COVID-19 stimulus payment scams.
More than 1,100 Latinos surveyed
The findings emerged in a national survey that examined fraud victimization, awareness and prevention among three groups: Latinos, Blacks and adults who are white or from other racial groups. Some 1,103 Latinos were among 2,808 people age 18 and older who were surveyed.
The survey showed that about 2 in 5 Latinos had been targeted by a scam and roughly 1 in 5 had lost money to one. Those figures are consistent across the racial and ethnic groups surveyed.
Two other key findings
- Most likely among Latinos to say they have lost money to a scam were suburban men with at least a college degree and an annual household income of at least $50,000.
- But when the survey asked Latinos about 17 different scams, women age 50 and older with an annual household income of less than $100,000 a year showed the least familiarity with them.