Rising proportion of investment scam victims are aged 25 to 34, says Nationwide

Reports of investment scams among 25 to 34-year-olds accounted for 16% of investment scam cases reported to Nationwide in 2022, up from 12% in 2021.

People aged 65-plus accounted for 25% of the total number of investment scams reported in 2022, although this was down from 35% in 2021, Nationwide Building Society said (Dominic Lipinski/PA) (PA Archive)

Around one in 12 (8%) people would be willing to immediately agree to an investment “opportunity” if it promised to double their money in a year, a survey indicates.

The Censuswide research was commissioned by Nationwide Building Society, which is warning people not to be reeled in by scammers promising returns that are too good to be true.

The average loss to an investment scam is just under £5,000, according to Nationwide’s data.