07/09/2026
Who’s losing the most money to scams in Singapore? 🇸🇬
The numbers might surprise you.
Average scam loss per victim:
👦 19 & below: S$2,336
👨 20–29: S$7,498
👨💼 30–49: S$17,000
👴 50–64: S$32,879
⚠️ 65 & above: S$42,347
That means the average loss for someone aged 65+ is roughly 18X higher than for someone aged 19 and below.
And the type of scam changes with age.
Younger Singaporeans are hit heavily by e-commerce scams, while older Singaporeans face phishing, investment scams and government official impersonation scams.
There’s an investing lesson here too:
Protecting your wealth isn't only about making money.
It's also about avoiding the mistakes, scams and unnecessary risks that can destroy years of savings.
Especially as your wealth grows, capital protection matters.
Save this. Share it with your parents and family. 🇸🇬
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