Financial Fraud

In recent years, there has been an increase in teens and young adults falling victim to financial fraud. After reading the following articles, please write a 500-750 word essay in response to the following two questions.

1. Federal Trade Commission – https://www.consumer.ftc.gov/articles/how-student-loans-work-and-how-avoid-scams
2. Federal Student Aid – https://studentaid.gov/resources/scams#report-fraud-and-identity-theft
3. Consumer Financial Protection Bureau – https://www.consumerfinance.gov/consumer-tools/fraud/
4. National Credit Union Administration https://www.mycreditunion.gov/fraud-prevention-center
5. GreenPath Financial Wellness – https://www.greenpath.com/identity-theft-2/

Questions:

1. Describe the ways that teens are led to be victims of financial fraud and why? 

2. How can teens be more proactive in protecting themselves from falling prey to financial scams?