Power of Payments Ep 10: Digital payments and overspending, Revolut Reader, mobile wallets, and more
Tearsheet Podcast: Exploring Financial Services Together
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Younger Consumers Are More Prone to Overspending
38% of consumers aged 18 o forty four say they only partially understand payment methods, and five % say they don't understand them at all. As a result, young consumers tend to struggle with their financial health. Younger consumers have also been the most enthusiastic adoptors of b and beal services. However, any are failing to take advantage of interest free options and paying beyond their budgets or not paying on time.
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