A recent trend among wealthy Gen Z and millennials shows an increase in 'digital shoplifting,' where individuals order products and falsely claim they were never delivered. This fraudulent practice has gained traction, particularly among individuals earning over $100,000, with 55% of Gen Z and 49% of millennials admitting to participating in it. The scheme often entails lying to e-retailers to receive free products, exploiting knowledge of banking obligations. Prominent influencers on social media have started sharing tactics, further contributing to the trend despite its ethical implications.
When it comes to scamming online retailers and getting free stuff, wealthy Gen Z and millennials are way ahead of the game.
This newly-viral scheme involves, essentially, ordering products and lying to an e-retailer about never receiving them, often resulting in a refund for products you actually did receive.
Amazingly, it's not even poor people doing it. In a new survey of Americans making more than $100,000 a year, the fraud prevention group Socure found that 55 percent of Gen Z-ers admitted to scamming websites.
As Socure product management head Ori Snir told Fortune magazine, 'there might be a link between those who better understand bank and merchant obligations to those that are taking advantage of them.'
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