Having a strong financial strategy can be a great asset for many Americans, but there are many issues that can derail these plans, regardless of their financial discipline.

Close to 80 percent of those surveyed by the Financial Industry Regulatory Authority explained they have been asked to take part in an activity that could be fraudulent. Nearly half of that group noted they were unsure about what to look for when trying to identify fraud.

“When it comes to financial fraud, America is a nation at risk,” said Gerri Walsh, president of FINRA Foundation. “Fraudsters are very effective at reaching and enticing vulnerable populations into turning over their money, and far too few Americans are able to detect likely fraudulent sales pitches.”

However, while a number of people seem to struggle with fraud offers, younger people may be doing better than their older counterparts. The report noted that those who are at least 65 years old have a greater risk than any other age category to be hurt by fraud.

Investments that were given guarantees were seen as interesting offers to more than 40 percent of those polled, the report added. Close to the same amount were also attracted to the idea of getting 110 percent for their investment.

Financial stress an issue at work
Whether or not a person was involved in a deal where they were scammed, having financial worries can be problematic. Many people deal with them from time to time, and it could affect their productivity.

Approximately 30 percent of those who hold full-time jobs spend some amount of time solving their financial issues while at work. Nearly half of those are working on finances for two to three hours of their work time during the week.

Despite these worries, many workers think they are in a good financial spot. The report explained that close to 45 percent felt they were better off financially this year than they were last year.

There were still some who are worried about their financial situation if they ran into a major problem. The report noted that 45 percent don’t have $2,000 or more saved up for their emergency funds. Close to 30 percent noted they struggled to meet their expenses on a monthly basis.

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