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16-Jan-2018 02:02

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“That big investment gives victims a false sense that the relationship must be real.” Eventually a pitch for money comes.

Often the scammer will say an emergency situation has arisen and money is needed fast to avoid dire consequences.

You can look for someone who makes ,000 a year, or ,000, or 0,000. Well, in one study published in the Journal of Economic Behavior & Organization, which crunched data from a popular Chinese online-dating website, male profiles with the highest income levels got 10 times more visits than the lowest.

Another study, co-authored by famed behavioral economist Dan Ariely, uncovered similar online-dating preferences."Men and women prefer a high-income partners over low-income partners," the authors wrote in the journal Quantitative Marketing and Economics.

Some scam artists use bogus profiles to con the people they meet out of hundreds or thousands of dollars.

Criminals who perpetrate online dating and romance scams use emotional appeals to quickly gain their victims’ trust and then, just as quickly, exploit it.

In 2015, the last year for which data is available, consumers lost more than 0 million this way.

"This income preference is more pronounced for women."The takeaway: As much as we like to think we are beyond the days of Jane Austen, when suitors were evaluated largely based on how much money they brought in - the famous Mr. " - money can be critical in our romantic lives."Someone's income will almost always factor into the equation," says Douglas Kobak, a financial planner in Conshohocken, Pennsylvania."When you are becoming serious, you need to consider what your partner is bringing to the table besides love and a good time.

The question becomes one about the potential to earn the income needed to build wealth and live a lifestyle you want."Just think about the numerous economic judgments we are making while dating online.

This makes it hard for the victim to do due diligence.

The scammer might say that an immediate family member has a medical emergency and needs money for treatment, or that he has been wrongly arrested and needs help with bail money and legal support.Spotting Discrepancies Reading or Listening Between the Lines Beware Speed Community Q&A Online dating scams are rife. You do not have to be rich and you do not have to be stupid.



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