America’s Favorite Gift is a Goldmine for Criminals

Aarp

America’s Favorite Gift is a Goldmine for Criminals"


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Jennifer Sauer, AARP Research

  Updated April 13, 2022 Published April 13, 2022 / Updated April 13, 2022


Have you ever given or received a gift card to find no value on it? Or, have you or someone you know paid for something – a past due bill, upfront fees for collecting lottery winnings, for


example – by loading money onto a gift card and then sharing the numbers off the back of the card? If so, you aren’t alone. This AARP survey found 73 million U.S. adults have experienced one


of these forms of gift card fraud.


Key Findings

Slightly more than a third (34%) of U.S. adults say they or someone they know has been targeted by scams seeking payment of a financial obligation by gift card.Of those who


were targeted for this gift card payment scam, a quarter (24%) of them followed through by purchasing gift cards in response to the request.A quarter (23%) of consumers in the U.S. have


given or received gift cards that had no funds on them. About one in four (24%) adults who were contacted to buy gift cards to pay a false debt, bill, or fee reported they bought the cards


for this reason – this is approximately 13 million U.S. adults ages 18 and older.More than half (54%) of respondents who tried to obtain a credit or refund for the missing balance were not


able to.The majority (89%) of all consumers agree – with 61 percent saying they strongly agree – that lawmakers need to do more to protect consumers from fraud and scams.


Methodology


AARP commissioned AmeriSpeak Omnibus to conduct this survey among n=2,179 adults ages 18 and older. The survey was fielded from January 27-31 and February 18-22, 2022. Data are weighted to


national Census benchmarks and balanced by gender, age, education, race/ethnicity, region.


For more information, please contact Jennifer Sauer at [email protected]. For media inquiries, please contact External Relations at [email protected].


Suggested citation:


Sauer, Jennifer. Survey of U.S Consumers on Gift Card Scams. Washington, DC: AARP Research, April 2022. https://doi.org/10.26419/res.00531.001


MORE FROM AARP


The Fraud Experience in Indigenous Communities


New AARP-sponsored research explores the vulnerability of American Indian and Alaska Native communities to fraudulent activities.


PACT Act Fraud: Veterans and Service Members Targeted


Criminals target veterans and service members for PACT Act fraud because they have stable salaries and benefits. Many are unaware of the PACT Act benefit.


The Scope of Elder Financial Exploitation: What It Costs Victims


In this paper, using a first of-its-kind methodology to measure the annual financial cost of EFE in the United States, we find that victims over age 60 lost $28.3 billion.


Americans Are Aware of Fraud But Remain Vulnerable


Most Americans (81%) ages 50 and older believe scams and fraud have reached a crisis level, but their awareness of fraud using payment apps is lacking.


Gift Card Scams Have Emotional Costs, Say Consumers


Gift card scam victims reported feeling fearful of card payment criminals, and embarrassed and frustrated when trying to recover funds, finds AARP research.


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