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How often do you use cash? Probably not as often as you did last year, or even the year before. Thanks to the rise of contactless and mobile payments, it’s now so easy to tap and pay for everything from a coffee to a bus ticket there’s really no need to carry coins and notes. So it shouldn’t come as any surprise to discover that kids are also going cashless. In fact, our data suggests that Gen-Z are already cashless natives — the first truly cashless generation.
Kids will be more equipped to handle finance and the issues related to them as adults if they are given the right information from young. Healthy knowledge of finance-related matters leads to secure savings at an early age, and guarantees a stable footing in monetary matters.
Adult habits begin in the teenage years - that difficult time when one is still slowly carving out one’s identity. Having access to money at this stage is vital to the individual’s development as a healthy, financially responsible adult.
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