• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Chapter 2. MAKING YOURSELF LESS VULNERAB... > Identity Theft and Young People

Identity Theft and Young People

Although it only presently accounts for about 2% of the identity theft in America today, an FTC study showed identity theft from people under the age of 18 could be significant. It can be particularly problematic for a child to have his or her identity stolen because it may not be discovered until many years after the crime. Young people going to college may find when they apply for financial aid that an identity thief has seriously compromised their credit.

Unfortunately, a growing trend in identity theft is the victimization of children by their own parents who are in a unique position to financially abuse their children by establishing credit in the names of their children. Parents apply for Social Security numbers in the names of their minor children, and if mail comes that would indicate that something out of the ordinary has occurred, such as a credit card statement for a nine-year-old child, the parent is in a position to intercept the mail.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint