Robocalls are on the rise across the US. If you own a phone, there is a good chance that you’ve been subject to these robocalls on a semi-regular basis within the last year. Nearly half the calls made from US cell phones in 2019 were spam according to a report from the Federal Communications Commission. Not only are these calls annoying, but many people are actually being scammed out of both money and their personal information by these automated callers.
Using data from the Federal Trade Commission’s National Not Call Registry, Provision Living analyzed robocall complaints in every state to identify which where robocalls are happening the most. In the report they analyze which states had the most robocalls in 2019 as well as the states with the most robocalls since 2015. The analysis also looked at which demographics were hardest hit by robocalls. Let’s examine some of the takeaways from the study.
Michael Mauboussin: Here’s what active managers can do
The debate over active versus passive management continues as trends show the ongoing shift from active into passive funds. Q2 2020 hedge fund letters, conferences and more At the Morningstar Investment Conference, Michael Mauboussin of Counterpoint Global argued that the rise of index funds has made it more difficult to be an active manager. Drawing Read More
States With The Most Number Of Robocalls
In 2019, Colorado was the hardest-hit state in terms of receiving the most robocalls. Residents in the Rocky Mountain state filed 130,640 robocall complaints, or 2,403 robocalls per capita. Neighboring Arizona was No. 2 with 158,549 robocall complaints, or 2,328 per capita. Nationwide, robocalls have seen an average annual increase of 14% since 2015. During that same time, Indiana, North Dakota and Washington D.C. have increased more than double the national average at 35%, 33% and 27%, respectively. The state least hit by Robocalls in 2019 was Alaska.
When looking at the demographic data, Provision Living found that seniors are the hardest hit demographic when it comes to these automated robocalls and telemarketer calls. Seniors 60 years old and older lost nearly $300 million dollars to scams and fraud in 2019 alone. 60-69-rear olds lost on average $615 dollars to scams and fraud. That number rose slightly for 70-79 year olds who lost on average $802 dollars to scams and fraud. That number rose even higher for people aged 80 and older who lost on average $1,800 in 2019 to scams and fraud. As you can see the older you are, the more likely you are to be targeted by these scammers.
States with the most automated calls Since 2015
The analysis also looked at the amount of Robocalls being received for the last 5 years as well. Topping out the lists of states with the most Robocalls since 2015 is New Jersey, Delaware, Colorado, Connecticut, Arizona, Nevada, Virginia, Maryland, Oregon and Florida. No matter which state you live in, you’ve seen an increase in the number of robocalls since 2015. Every single state saw a larger number of robocalls reported each year. Indiana is the state who saw the largest rise with a 35% increase annually in the number of robocalls.
The full analysis on the states hit hardest by Robocalls, can be seen in the graphics below.