Younger adults are less worried about financial fraud than are older generations, a recent study found. Only 15% of Gen Z and 20% of millennials are concerned about falling victim to stolen money or assets through deceptive tactics, according to a Bank of America Better Money Habits survey of 1,000 respondents. By comparison, about 27% of Gen X and 27% of baby boomers feel at risk of fraud. But that doesn't mean younger generations can't experience severe consequences, said Matt Schulz, chief credit analyst at LendingTree. Financial fraud is a really big deal and can be really impactful," Schulz said.

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Persons: X, Jennifer Ehresman, millennials, Ehresman, Matt Schulz, Schulz Organizations: Bank of America, Finance, Gen