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Half of respondents say they are saving less money today; 32% say the amount of debt they owe has increased
LEHI, Utah, Aug. 23, 2022 /PRNewswire/ — MX, a leader in Open Finance, today released a new report on money habits and behaviors among Gen Z and other generations. Findings show that consumers are less confident in their financial futures due to rising costs — with 50% of Respondents saying that thinking about money makes them anxious and 47% agree that money is their primary source of stress. Across generations, Gen Z may be most optimistic in the face of these economic challenges, while the majority of Baby Boomers are less confident.
“With so many people worried about their financial futures, it’s an opportune time for financial institutions and fintechs to step up and assist in ways that only they can,” said Shayli LonesVice President of Go to Market at MX. “We see Open Finance as the key driver to connecting the dots for consumers by enabling seamless account aggregation and …
Full story available on Benzinga.com
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