What the Zopa survey revealed is that these younger generations are also making saving cash a priority. “With Gen Z showing they are the savviest when it comes to financial control, it may be time to wave farewell to the idea of the Bank of Mum & Dad,” Lawson said. “Contrary to the previous generations, Millennials have a different basis for decision making. 63 percent of Gen Z check their bank accounts on their phones, while 60 percent of millennials use traditional online banking hubs. These tools aren’t just for the younger generation though, you can become financially savvy at any age!”

Source: Forbes May 26, 2019 19:30 UTC