According
to the latest reports, 17 million Americans were victims of identity theft in just one year. The
ages of those affected by this
financial epidemic can be as young as 16 years old.
Parents
can actually do certain things to teach your
kids about protecting themselves when a child starts
engaging in social media use. You need to have conversations with them because
it doesn't discriminate
because of your background or your demographic to your financial net worth. They love young people because they have
pristine squeaky clean financial records and basic total sense. We considered
16 but I'm certain it's way younger than that because kids are on all kinds of
media at 14, 13 and they're really taught to share. They fake, they post on
Facebook, they post on Instagram, they share stories
on snapchat and then yet, they got to take a step back and say I need to be
pretty careful about what I'm sharing about my financial identity.
They
need to learn not to share their email address or home address or birth date and
be very diligent about that and the thing is we as adults are diligent about it
in our own lives. We have those credit monitoring services. We are the
protection services and people should and we're careful about the things we
share. But, there are some specific things that kids tend to
share that could put them at risk and the first one of those are tickets to attend
ticket.
Someone
might just want to share that they're going
to a concert and so they post a picture of the ticket and then they'll take the
barcode and then scan that and make their own home ticket. Next, you know
that's gone and they lost that money. Airline tickets are even worse right up
and then they can be switching seats and take over the identity and then go
into the system and get
all that information on.
Also,
when going to a movie in a hurry, children may give their pat, their debit card
and they're pinned to their friend and say go get me out some cash I need some
cash or whatever. This is dangerous.
Kids
need to start using credit monitoring services. It's a great opportunity for
the parents to
sit down with their kids and sign them up and go and look at their credit score
because if you think about it. All of a sudden, one day they wake up and they
want to apply for a mortgage for a house and they pull their credit score and
see that it's out of control. So, this is how they can protect. It could also
be somebody as simple as having the exact same name as your child to that it
gets me like my credit got all messed up with.
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