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Data for today’s episode is provided by Mercator Advisory Group’s report – 2019 U.S. PaymentsInsights – Technology and Fraud: Consumer Concern Is Real.
Three Demographic Correlations between Consumers & Fraud
- Males tend to be targeted for fraud (34%) more frequently than females (26%).
- College graduates tend to be targeted for fraud (33%) more frequently than non-college graduates (25%).
- Specifically, college grads are targeted for card fraud (21%) much more frequently than non grads (14%)
- Household income correlates to fraud as well: 40% of consumers with income >$100K experienced fraud in 2019.
- In contrast, 23% of consumers with household income <$50K experienced fraud in 2019.
- 30% of consumers with income between $50-75K experienced fraud in 2019.
- 34% of consumers with household income between $75-100K experienced fraud in 2019
About Report
Mercator Advisory Group’s most recent consumer survey report, Technology and Fraud: Consumer Concern Is Real, from the bi-annual North American PaymentsInsights series, takes an in-depth look at U.S. consumers’ current perspectives on technology and fraud.
This report explores how technology and fraud impact consumers lives and, in particular, the way they shop and pay for things. This includes detail on not only what they do but also how they feel about these two important consumer issues.