An article has been put out describing how many Zoomer-aged people believe that it is fine to commit fraud because of the shitty economy.
"Gen Zers are so disillusioned with the economy that many think it’s okay to commit fraud"
The problem of not providing sufficient opportunities to get ahead in life through decent means
— Kimchi Premium (@kimchipump) July 2, 2024
Each quarter, my company Sift produces an index report to better understand the latest online fraud trends, including how businesses and consumers are affected, emerging fraud tactics, and how fraud impacts consumer behavior when making purchases online. For the past two quarters, we’ve seen a surprising generational divide emerge: Gen Z— born between 1997 and 2012—expresses more willingness than any other generation to commit digital fraud.
In Q4 2023, 42% of Gen Zers admitted a willingness to engage in first-party fraud, where they dispute a purchase with their payment provider despite the purchase being legitimate. This was significantly higher than any other generation—the next highest was millennials, with only 22% admitting to engaging in first-party fraud. This quarter, we discovered that 33% of Gen Z respondents either know someone who has participated in payment fraud or have done so themselves. Again, these rates are much higher than other generations.
I don’t blame them one bit. That’s because this economy itself is one big fraud and a scam. The money system itself is a scam. The money is literally created on computers with keystrokes and is backed by nothing. On top of that you have out of control inflation, a Jewish tax system that is thousands of pages long that nobody understands and all sorts of people who profit off of corrupt deals in the government. You could go on and on about how ridiculously criminal this entire system is.
So why wouldn’t a young person see this and decide to commit fraud themselves? After all, that seems to be the only way one gets ahead in this fucked up economic system.
