WACO, Texas (KWTX) – Since January 2021, veterans, active-duty service members and their families in Texas have reported more than $80,000 of losses to various scams.
That number is just a fraction of the more than $566 million members of the military community have lost across the nation since 2017.
“It tells a story that our military community is vulnerable and they are susceptible to fraud, their families and vets are no different.” Jason Meza, Regional Director with the Better Business Bureau, said.
The BBB says military members and their spouses are more susceptible to fall for scams. The likelihood of loss reported across all consumers was 46.4% in 2020. Veterans reported a slightly higher likelihood of loss at 46.8%. Military families reported the highest likelihoods of loss at 50.8% for military spouses and 59.7% for service members.
“They see a steady paycheck, scammers see a little bit more of a profile on these members,” Meza said.