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Singles looking for love vulnerable to scams: Wells Fargo Survey


While many single adults are turning to online dating and dating apps to find romantic partners, it’s vital to remember that the same technology that connects us also serves as a haven for predators and scammers. 

According to a new Wells Fargo survey, more than half of all singles in the United States (52%) have used a dating app or online dating site, including one in every five singles aged 65 and above (20%). Furthermore, of the 52% of singles who have used a dating app or online dating site, nearly two-thirds (63%) had been approached by someone they suspected of being a scammer — including 58% of those over 65. 

Furthermore, of all singles surveyed, one in three (33%) have known somebody who fell for an online romance scam, including 27% of those over 65. A third of all singles (30%) have close family or friends whom they consider to be vulnerable to romance scams, though a third as many (just 11%) consider themselves vulnerable.  

When it comes to scams more generally, nearly a third (30%) have had a family member who lost money to a scam, and as many (31%) have been scammed themselves or have given out financial information they later regretted, as per the survey of Wells Fargo, a leading financial services company and a middle-market banking provider in the US.

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