Young Europeans are tech-dependent, and this applies to how they manage their money, too. Here are three stats that show how digital tools are influencing their finances… TL;DR Young Europeans prefer to manage their finances by using an app on their phone or tablet The vast majority have used peer-to-peer payment services as they seek innovative ways to improve and manage their finances They trust the information they’re getting from financial apps, and they want more educational content As we know well by now, young Europeans’ finances were heavily impacted by the pandemic, spurring them to seek higher-paying jobs, save money, and prioritize investing. And while there’s evidence that they’re recovering financially, young Europeans (and young Britons, in particular) are facing a huge cost-of-living crisis: a 2021 study found that young Brits pay more than twice as much as older generations for living expenses, including rent, which created a difficult financial situation even before COVID. Now, many young Europeans are focused on becoming financially stable—but they don’t necessarily feel...
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