According to the IRS, phone based tax scams conned 4,550 victims out of more than $23 million between 2013 and 2015. Why is the digital generation most likely to fall for these scams? For starters, they don't realize how gullible they are, but they ultimately might escape due to their general disdain for talking on the phone.
While millennials, defined in the survey as those aged 18 to 35, were more susceptible to these scams, the rates of engaging with scammers were still very low: Only 2.4 percent of millennials polled said they had given away their payment information, and 1.6 percent admitted to giving their Social Security number. However, about 17 percent of millennials said that if the mystery caller could verify the last four digits of their Social Security number, they would be willing to respond with sensitive information. Only 3.2 percent of Generation X, defined as those aged 36 to 50, and 2 percent of boomers (here, aged 51 to 65) would do the same.