Money & The Generations
From baby boomers to the millennials, we’ve delved into the minds of consumers across the country to find out how attitudes to debt have changed over the years. Read the results of the survey – and add your own two-penneth, by getting involved and answering the questions too!
Did you know that the majority of 35-44 year olds check their bank balance weekly, compared to those aged 25-34 who check it daily?
Perhaps this is due to younger people more likely to have smart phones, and therefore online banking tools? This makes it very easy for individuals to check their balance quickly and effectively.
There are online digital assistants out there that can connect through your Facebook messenger and talk you through your finances and spending habits as well as being able to give you a quick overview of your account balances.
What is your attitude to owing money to others?
Depending on what individuals class as ‘owing’ money will influence what your thoughts are on this question.
For example, do you class a student loan as a negative thing? Do you class a mortgage as a negative thing – or are they just parts of life?
If you were in financial difficulty and needed help, who would you turn to first?
Lots of clients who contact us feel embarrassed and ashamed, and plenty of them haven’t even told their parents. Being in debt can be a scary thing so we want to make it as easy as possible for clients to reach out to us.
If you’d like to fill out the survey, and give us your opinion then please do fill it out!