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The unique platform, developed by two Millennials, provides budgeting and forecasting analytics to help young people achieve their financial goals.
As the sands pass through the hourglass, one age of people steps down while another one steps up. That doesn’t mean that wisdom and knowledge isn’t passed down from one generation to the other, even if the younger thinks the older has nothing to offer.
As the sands pass through the hourglass, one age of people steps down while another one steps up. That doesn’t mean that wisdom and knowledge isn’t passed down from one generation to the other, even if the younger thinks the older has nothing to offer.
As the sands pass through the hourglass, one age of people steps down while another one steps up. That doesn’t mean that wisdom and knowledge isn’t passed down from one generation to the other, even if the younger thinks the older has nothing to offer.
The unique startup, founded and directed by two Millennials, is developing a dashboard with budgeting and forecasting analytics to help young people identify and attain their financial dreams.
According to a recent study from Visual Capitalist, Gen Z maxes out its credit cards more than any other generation at 15.3% of cards.
In this study, maxing out credit cards is considered 90% or higher utilization across all cards. The study also found that the median balance for Gen Z was $760, with a median credit limit of $4,500. For comparison, the median credit card balance for other generations broke down like this:
According to a recent study from Visual Capitalist, Gen Z maxes out its credit cards more than any other generation at 15.3% of cards.
In this study, maxing out credit cards is considered 90% or higher utilization across all cards. The study also found that the median balance for Gen Z was $760, with a median credit limit of $4,500. For comparison, the median credit card balance for other generations broke down like this:
These days, it’s not unusual for college graduates to leave school with more than just a diploma–many will be carrying student loan and credit card debt for years to come. If your high school senior is heading to college next year, there are several ways you can help them become more financially literate so their college experience doesn’t end up costing them for the rest of their lives.
A recent survey from Insurify found that 22% of Gen Z rely on TikTok for financial advice. According to data compiled by Pew Research Center in 2023, TikTok stood out for its user growth, as 33% of American adults admitted to using the platform, which was an increase of 12 percentage points from 2021. As social media platforms become more ingrained in our daily lives, it’s clear that we rely on them for more than just entertainment.
A recent survey from Insurify found that 22% of Gen Z rely on TikTok for financial advice. According to data compiled by Pew Research Center in 2023, TikTok stood out for its user growth, as 33% of American adults admitted to using the platform, which was an increase of 12 percentage points from 2021. As social media platforms become more ingrained in our daily lives, it’s clear that we rely on them for more than just entertainment.