Posted on 07/10/2024 6:59:28 AM PDT by rightwingintelligentsia
Each quarter, my company Sift produces an index report to better understand the latest online fraud trends, including how businesses and consumers are affected, emerging fraud tactics, and how fraud impacts consumer behavior when making purchases online. For the past two quarters, we’ve seen a surprising generational divide emerge: Gen Z— born between 1997 and 2012—expresses more willingness than any other generation to commit digital fraud.
In Q4 2023, 42% of Gen Zers admitted a willingness to engage in first-party fraud, where they dispute a purchase with their payment provider despite the purchase being legitimate. This was significantly higher than any other generation—the next highest was millennials, with only 22% admitting to engaging in first-party fraud. This quarter, we discovered that 33% of Gen Z respondents either know someone who has participated in payment fraud or have done so themselves. Again, these rates are much higher than other generations.
This data might seem sensational, but if we explore it more deeply, it’s very telling. Academics have a theory called the “fraud triangle,” which argues that people are more inclined to commit fraud if they have incentive, rationalization, and opportunity.
Gen Z has a number of unfortunate economic factors to feel anxious about. A survey from Intuit found that 73% of Zoomers feel that the current economic environment has made it more challenging to save money. They’re struggling with increased housing costs, student loan debt, and rising prices on everyday purchases like groceries, all while wages have stagnated for workers across many income levels.
(Excerpt) Read more at msn.com ...
Not getting paid to topple statues anymore?
It has nothing to do with the economy.
This is “situational ethics”, which is part of our increasingly leftist society’s general moral relativism or lack of morality.
Generational stereotyping is for idiots.
Nuke that paywall:
In the “saved from” box:
https://fortune.com/2024/07/01/gen-zers-disillusioned-economy-ok-commit-fraud/
Nailed it.
The people in charge of things have built an immoral society with no sense of ethics or values. They got rid of God and they got rid of any sense of a moral code.
Tolerance? Diversity? Inclusion? Equity? All of these concepts contribute to a mentality that says “I’m a victim and I deserve reparations so I’m just gonna take stuff and burn stuff down. I deserve it.”
Commit fraud? All of Social Security and entitlements are a massive Ponzi Scheme! Perhaps Gen Z have learned from the BEST?!?
I think we are moving into late Soviet Union mode.
The public lying by everybody—government, corporate, non-profit etc—has gotten so blatant that it undermines public confidence in anyone or anything.
If it is OK for leadership to lie then average folks figure it is ok for them to steal.
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and you can thank the
credentialed “ experts “ ,
( many who bought their test answers and phd thesis papers and are as ignorant as a rock , spit )
in academia
and jr.high teachers and
the ‘ telephone game ‘
and the
’ lifeboat game ‘
that cemented in amoral situational ethics under the guise of
’ values clarification ‘.
the NEA are scumbags.
.
It’s all part of the plan to make America 🇺🇸 a Marxist banana 🍌 republic.
“They’re struggling with increased housing costs, student loan debt, and rising prices on everyday purchases like groceries, all while wages have stagnated for workers across many income levels.”
Sob. Poor little darlings. This never happened to anybody before in all history.
Whine, whine, whine, whine.
And that comes from the schools of education starting at universities like Columbia, where it was consciously instituted as part of the long-term, cultural Marxist, plan to ruin and transform our society.
They’ve been taught by the education system to be amoral.
It might have helped if the rampaging BLM looters had been shot on sight back in 2020.
2. They believe our society is structurally racist (i.e., evil), as are all its institutions.
3. Plus, they want the money.
So why not steal, especially if the target is an evil racist who deserves to be punished, and a loving, gay-friendly God is on your side whatever you do.
We got this inflation and this debt burden because the older generations borrowed and spent tax dollars like young people today want to.
Fraud: Con-gress
I’m fascinated that Gen-Z’ers hate “greedy corporations” and are willing to steal from them, saying “they have enough money” and generally want them destroyed, but they eagerly swallow all the fake news the corporate media shovel down their throats.
Do it legally kids. Join the government bureaucracy or go in to politics.
I didn’t bother to read the article because I think “the battle of the generations” is a stupid concept.
The best way to get to know the youth of today isn’t by reading an article, its about actually meeting and engaging them in conversation.
Now as far as economics, the younger generation are buying into the most inflated asset valuations in United States history.
Can the high pricing and restrictive regulatory environment continue at the current rates?
“Time will tell.”
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