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NATION.(TO THE POINT)

Investor's Business Daily

| September 04, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

ID theft tab: $53 bil in one year

Nearly 10 mil people were victimized to the tune of $5 bil in the past year, the FTC said. Banks and other businesses swallowed $48 bil in losses. Complaints to the FTC doubled, but most crimes aren't reported. Credit card fraud led complaints at 42%, phone/utility fraud 22% and bank account fraud 17%. In all, 27 mil identities were stolen in the past 5 years.

Poverty rose by 1.4 mil last year

A Census Bureau survey found that nearly half of the newly impoverished were children. Overall, 12.4% of the population, or nearly 34.8 mil people, lived in poverty in 2002, up from 12.1%, or 33.4 mil, in 2001. Experts said such increases were ...

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