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Millennials more vulnerable to scams

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A new government report shows that millennials were more likely to be fooled by financial scams than their grandparents last year.

40-percent of Americans, in their 20's, who reported fraud in 20-17, indicated that they lost money to the schemes.

According to Federal Trade Commission data, that's more than double the 18-percent of American consumers over 70 who reported losing money to scammers.