Vocabulary 2.02 – Understanding Threats to Financial Security LIFE Gwishiri.

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Presentation transcript:

Vocabulary 2.02 – Understanding Threats to Financial Security LIFE Gwishiri

Failure to plan Not making shopping lists, spending plans, doing comparison shopping, etc Not securing personal information and property Failure to protect

Scam/Scheme A plot designed to trick someone, a deception A scam that usually involves a “get rich quick” chain letter, sending money to others in order to, supposedly, receive money in the mail yourself Pyramid

High-pressure sales approach Using extreme tactics to persuade a consumer to buy Stealing one’s personal information to commit theft or fraud Identity Theft

Federal Trade Commission FTC; a government agency to assist consumers who’ve been victims of fraud A local consumer protection agency Better Business Bureau

National Consumers League Has a website where incidents of consumer fraud may be reported This state office assists consumers who have been victimized by fraud State Attorney General