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Millennial parents may be digitizing allowance for their Gen Z kids.

Jun 18 2019

Millennial parents may be digitizing allowance for their Gen Z kids. A survey by found that cash is still the most popular way to give allowance, but 10% of parents are using mobile payment like Venmo or Cash App—and that number increases to 15% among Millennial parents. The number suggests that Gen Z could be becoming accustomed to cash-free living at a young age, and be primed for a digital financial future. (Payments Week)