Romance scam reports have jumped with a surge in Gen Z victims – Lloyds figures

Lloyds figures indicate a significant rise in romance scam reports, with a notable surge in victims from Gen Z. While the increase in reports is particularly prominent among younger adults, the data shows that older victims typically lose larger sums of money. This trend highlights a growing vulnerability within the younger demographic to these fraudulent schemes, despite the higher financial impact observed in older age groups according to the bank's latest reporting on scam trends.