‘PROUD OF THEM’: It seems the younger generation is taking a page out of their parents’ books
"I think that they're looking at the state of personal finance right now, and they're seeing it's a hot trash mess. Right. We've got more than 67% of people living paycheck to paycheck. They see that we've got $1T in credit card debt, and they're going, something needs to change. Maybe I can take control of my situation and do something a little bit better for my situation financially," she explained to FOX Business' Cheryl Casone.
According to the Harris poll study on behalf of Credit Karma, cash usage amongst Gen Z is on the rise compared to 12 months ago. For Gen X, cash usage has spiked by 47%, and for Boomers, 37%."Budgeting is the first step. And a lot of folks are starting to do that. Gen Zers are starting to do that.
"We know that when you spend cash, there's more friction. It lights up the pain centers of your brain. So, you know, I'm spending this money. And better yet, when the cash is gone, it's gone. It makes it virtually impossible to go over budget. So I'm proud of them."
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