Identity theft is a serious and important problem that needs more recognition than it currently has. Identity theft happens when bad people go around and try to steal your identity. If they are successful and have stolen your identity, they can purchase items and you will be charged. They can also ruin your credit history and reputation with your identity. Identity theft happens every day, and many people are affected by it on a daily basis. If your identity is stolen, it could take years to get all your stuff back. It might even cost you money to fix it! This will tell you everything you need to know about identity theft and hopefully we can stop it. Approximately 15 million U.S. residents are affected by identity theft each year. This causes financial losses of approximately $50 billion per year. The average amount of money stolen per victim is $4950! That's a lot of money just being taken out of people with little things they can do to prevent their identity from being stolen. The most common age range for identity theft is 18 to 24. The 18-24 age groups hold over 20% of all stolen identities. Did you know that approximately 6% of adults are affected by identity theft? People who steal other people's identities are just really rude. Most people work very hard to earn their money and when it is stolen from them it is just wrong. According to Statistics Brain, the rate of identity theft fraud is growing very slowly every year, but it needs to be stopped completely. This problem can really affect people more than you think. Sometimes, if you are a victim of it, you may not even get your money back. If you are lucky you might get your money back, but you would have to wait a long time. As I said above, the average amount of money stolen per theft is $4950. This money could be easy... middle of paper... Theft is a difficult problem to solve, but we could lower the fraud rate and if people get affected we could create an easier way to get their identity and their money back! So let's put an end to identity theft! Works citedDouglas, Rob. Statistics on victims of identity theft. nd 2 19 2014 .FBI. FBI - Identity Theft. nd 2 19 2014. The Federal Trade Commission. Identity Theft l Consumer Information. nd 20 2 2014 .United States Department of Justice. Identity theft/fraud statistics. nd 2 19 2014 .United States Government. Prevent and report identity theft. 5 2 2014. 18 2 2014 .