INTHEBLACK February 2023 - Magazine - Page 8
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GET
SMART
Compiled by Megan Breen
83%
of millennial investors in
Singapore and Hong Kong
believe that being
wealthier would improve
their work–life balance.
Source: St. James’s Place Asia,
Money Relationship Monitor 2022,
SCAMS OF THE HEART
The Australian Competition and Consumer Commission’s (ACCC)
Scamwatch is urging people to watch out for dating and romance
scams this Valentine’s Day, after Australians reported losing a record
A$56 million to the scams in 2021.
Of the 3400 reports Scamwatch received about dating and romance
scams in 2021, more than half were about romance scams on social
networking websites or dating apps.
Romance scammers play on emotional triggers to take advantage
of victims. They often profess their love and affection very quickly, to try
to influence victims. People aged over 55 made up close to half the losses
to romance scams, and women reported higher losses than men.
The ACCC urges people to never send money or give personal or
financial information to someone they have only met online and to
think very carefully about taking investment or financial advice from
someone on a dating app.
Read more
36%
of Australians are putting
off travel plans due to
soaring airfares and
associated costs.
Source: Finder.com
8 INTHEBLACK February 2023