There’s no such thing as TMI when sharing financial details with Gen Z. 

There’s no such thing as TMI when sharing financial details with Gen Z. Older generations seem to stick to the status quo of keeping their finances hush-hush, but Gen Z has no shame in discussing the taboo subject of personal finances. TikTok has played a big role in reducing this stigma, with users posting videos about their “income and spending in minute detail.” There is even a trending hashtag, #PaydayRoutine, where TikTokers share advice on how to save money if you live paycheck-to-paycheck. Financial institutions, such as Metro Credit Union, have been noticing this open dialogue amongst Gen Z and use it to their advantage by offering financial advice to their customers, allowing them to provide a “mutually beneficial relationship” between both parties. YPulse’s Fintech report data shows 26% of Gen Z trust TikTok to give them good financial advice, more than the 16% who trust blogs from banks / brokerages / other financial tools. (PYMNTS)