Final answer:
Identity theft can have long-lasting consequences and can even continue to hurt a person for more than 8 years. Victims may experience financial loss, damage to credit score, and loss of trust in institutions.
Step-by-step explanation:
Identity theft can have long-lasting consequences and can even continue to hurt a person for more than 8 years. When someone steals your identity, they can use your personal information to commit fraud, drain your savings accounts, and accumulate large debts. This can result in financial loss and damage to your credit score, which can take several years to recover from. Additionally, victims of identity theft may experience a loss of trust in institutions and may be more vulnerable to future scams.