The Clark Howard Podcast
03.26.25 Top SCAMS / Again With The Gift Cards
Mar 26, 2025
Scams are constantly evolving, and it's crucial to stay informed about the latest threats. Discover a new feature for Android users designed to combat scammers effectively. Gift cards are once again highlighted as risky investments, especially amid retailer uncertainties. Plus, insights into solo 401(k)s for the self-employed and tips for maximizing savings at gas stations make for a financially savvy mix. Finally, a lighthearted debate about the greatest NFL quarterbacks adds some fun to the financial chatter.
30:33
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Quick takeaways
- Scammers are increasingly targeting young adults through payment apps, making it crucial to stay informed about current scams and protective measures.
- Google's new AI tool enhances Android security by detecting scam patterns in messages, marking a proactive approach to safeguarding users from fraud.
Deep dives
Understanding Scams and Their Impact
Scams continue to evolve, posing increasing risks to individuals, especially vulnerable populations like young adults. The most significant losses are currently occurring through payment apps, where victims often find themselves unable to recover their funds once scammed. Investment scams remain a prominent issue, alongside a predicted rise in employment scams as economic conditions worsen. Notably, teens and young adults are particularly susceptible due to their reliance on digital interactions, where friendships often extend into virtual spaces, making them targets for deceit.
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