Which Type Of Identity Theft Is Most Prevalent For People Age 19 And Under? An Insightful Analysis

Identity Theft Concept
Post Menu and Details.

Words: 1266

Reading time: ~5 minutes

In a world where the youngest members of our society are becoming more tech-savvy, there arises a pivotal question: Which Type Of Identity Theft Is Most Prevalent For People Age 19 And Under? You might be startled to learn that, according to Javelin Strategy & Research, more than a million children were the victims of identity theft in 2017 alone. This significant number poses a deep concern, urging parents, guardians, and young adults to enhance their knowledge on the subject.

Identity Theft Overview for the Younger Generation

Identity theft isn’t a respecter of age; even toddlers could, in theory, have their identities hijacked! It sounds funny, but it’s a bleak reality for many individuals aged 19 and under.

At this juncture, it is pivotal to define precisely what identity theft encapsulates. Essentially, it involves the malicious use of another individual’s personal information, generally to incur financial gains.

Well, their pristine, untouched credit histories are a goldmine for identity thieves, not to mention their often naive online behaviors. The unique vulnerabilities of individuals aged 19 and under have thus necessitated an urgent discussion on this topic.

For an in-depth look into Understanding How The Internet Expanded Opportunities For Identity Theft , feel free to jump into this guide which, frankly speaking, every young person should keep under their pillow.

And, to grasp the gargantuan scale of this issue globally, a quick peek at the alarming data presented here would suffice. It is, to put it mildly, a whirlpool of deceit and theft, spiraling each day.

The Alarming Statistics Behind Youth Identity Theft

Now, we move onto the concrete, unforgiving numbers that paint a vivid picture of the reality we are grappling with.

How many young individuals face identity theft, you ask?

Hold on to your seats because the statistics are indeed a roller-coaster ride of alarming proportions. It turns out that a significant chunk of the young populace is falling prey to identity theft, with children as young as six years old being targeted.

In fact, according to a report by Javelin Strategy & Research, over 1 million children were victims of identity theft in 2017, costing families $540 million in out-of-pocket expenses. It’s not just about the financial loss but the emotional trauma, and the gigantic mess involved in cleaning up the fraudulent mess left behind.

Youth Identity Theft Stats

Which Type Of Identity Theft Is Most Prevalent For People Age 19 And Under?

To be young and to have the world at your fingertips, quite literally, with the advent of smartphones! But alas, this digital playground is not without its monsters lurking in the shadows.

Now, we pose a weighty question: Which type of identity theft is most prevalent for people age 19 and under?

The universe of identity theft is sadly rich and varied. There’s financial identity theft, where the thieves are after your dollars (or the promise of your future dollars). Then there’s the medical identity theft, a less talked about but equally nasty critter in the identity theft menagerie.

Type of Identity Theft Description Prevalence Among Age 19 and Under
Financial Identity Theft Theft aimed at monetary gains High
Medical Identity Theft Theft involving medical information Moderate
Synthetic Identity Theft Creation of fake identities using real and fictional information Very High

But let’s focus on the top scorer here: the synthetic identity theft.

In this category, elements of real and fictional information are blended to create a new, fake identity. It’s like making a smoothie, but less delicious and more criminal. This type is incredibly prevalent among the young population due to their clean, untouched credit histories.

Synthetic Identity Theft

How Personal Finance Knowledge Can Mitigate Identity Theft Risks

So, how do we swaddle our young folks in a blanket of safety in this chilly digital landscape? The answer could lie in one of the most underrated subjects in school – personal finance education. Yes, those classes that felt somewhat less important than geometry (no offense to the geometry enthusiasts out there).

Why should we emphasize personal finance education, you wonder?

Well, imagine being equipped with the knowledge and the power to not only manage one’s finance but to shield oneself from the very traps that cybercriminals lay in the complex web of the internet.

Financial Literacy Education

Now, let’s discuss a few gold-standard tips:

  1. Understanding the basics of secure passwords (and no, ‘password1234’ doesn’t count).
  2. Recognizing phishing scams, those pesky emails pretending to be your bank are no friends of yours.

To bolster this finance fortress further, one might venture into the world of personal finance flashcards – a handy tool that marries fun with learning, injecting a dose of entertainment into the serious business of financial literacy.

Proactive Measures to Protect the Youth from Identity Theft

In the digital age where young folks might find it harder to differentiate between a scam email and a homework reminder, setting a robust defense line against identity theft becomes paramount.

Strategy Description
Education Teach young individuals about online security, phishing, and protecting personal information
Use of Strong Passwords Encourage the use of secure and unique passwords for online accounts
Monitoring Financial Statements Regularly check bank and credit card statements for irregularities
Identity Protection Services Consider subscribing to identity protection services for added security
Reporting Suspicious Activity Teach young individuals to report any suspicious online activity or emails

First things first, education is key

Educating the youth about the different pitfalls and how to sidestep them could be your golden ticket. Encouraging them to safeguard their personal and financial information isn’t just a protective measure, but a gateway to raising a generation of cyber-savvy adults.

So, what tools and strategies can we adopt?

If you’re curious about how grim the statistics are and need that extra push to implement these strategies, do visit Experian for the cold hard facts.

The Ramifications of Identity Theft on Credit and Finances

Let’s talk about credit scores, that magical number that dictates so much of our financial narrative. The young individuals of today, though maybe a few years shy from requiring a credit score, should still maintain a pristine one for future use.

Yet, identity theft can crumble this all too quickly, pulling the rug from under their financial health.

Now, stepping into the unfortunate shoes of a young identity theft victim, what to do?

Firstly, deep breaths, you’ve got this. Being a victim is not the end; it’s the beginning of a fightback.

And while you’re on the recovery path, gather all the information you need about identity theft repercussions on credit and finances from this in-depth analysis.

The virtual world is a maze of wonders and traps alike. Being pre-armed with the right set of information can make all the difference. It isn’t just about protecting the youth; it’s about empowering them to steer clear of the potholes in the digital highway themselves.

Frequently Asked Questions

What Does ‘Which Type Of Identity Theft Is Most Prevalent For People Age 19 And Under?’ Entail?

It involves analyzing the primary kind of identity theft young people under the age of 19 most frequently encounter.

Are young individuals more susceptible to identity theft?

Yes, young individuals tend to be more vulnerable due to their higher online presence and often casual attitude towards online security.

What are the preventive measures against identity theft?

Some measures include educating the youth on safe online practices, using secure passwords, and regularly monitoring financial statements for any irregularities.

How does identity theft affect a young person’s credit score?

Identity theft can potentially ruin a young person’s credit score, setting them up for financial difficulties in the future.

Can you recover from identity theft?

Yes, recovery is possible through proper channels including reporting the theft to relevant authorities and continuously monitoring your financial accounts.


In understanding Which Type Of Identity Theft Is Most Prevalent For People Age 19 And Under, we have equipped ourselves with the knowledge to protect the young generation from the grim consequences of identity fraud. This journey through the landscape of identity theft sheds light on the imperative need for awareness and education.

Thank you for reading!