Jun 07, 2022
Question of the Day

Question of the Day: How many minors (under 18 years of age) have had their identity stolen?

Pro Tip: Your social security number and social media do NOT mix.

Answer: 1 in 50

Questions:

  • Why do you think that this happens (ID theft) so frequently to minors? 
  • What would you do if you found out that someone was using your Social Security number to open accounts? 
  • How can you check to make sure this hasn't happened to you? 

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Identity Force):

"Consider these identity theft statistics:

  • Consumers filed 2.2 million fraud reports last year, accounting for $3.3 billion in losses
  • 47% of Americans experienced financial identity theft in 2020
  • 9 in 10 Americans encountered a fraud attempt in the past year
  • 1 in 6 people (33 million Americans) lost money to a scam last year
  • Seniors over 60 years old are the most common victims of identity theft
  • 3 in 10 victims of identity theft have experienced it more than once
  • 1 in 50 children is affected by child identity fraud, which costs U.S. families nearly $1 billion each year
  • Millennials account for 44% of U.S. identity fraud reports
  • There’s a new victim of identity theft every 2 seconds
  • 118.6 million individuals had their records exposed in data breaches during the first half of 2021
  • Consumers lost more than $56 billion to identity theft and fraud in 2020
  • Taxpayers lost over $200 billion to unemployment identity theft and COVID-19 relief fraud since March 2020
  • Consumers reported over $588 million lost to coronavirus scams and identity fraud since January 2020
  • 1 in 3 consumers was recently targeted for digital fraud related to COVID-19
  • 54% of victims of unemployment and stimulus identity fraud in 2020 report more stress and feeling violated

In other words, if your chances of winning the lottery were 1 in 20 – the odds of being an ID theft victim – we’d all have family, friends, and colleagues who are millionaires."

---------------

NGPF's Consumer Skills unit will help prepare your students to be savvy when it comes to protecting their identity.

---------------

Want to reinforce how many different types of identity theft we face on a daily basis? Try COMPARE: Types of Identity Theft.

 

About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.

Mail Icon

Subscribe to the blog

Get Question of the Day, FinCap Friday, and the latest updates from NGPF in your inbox by subscribing today: