Millennials prefer apps over humans when it comes to financial advice (which might come in handy right now.) Accustomed to digital finance apps like Venmo, young people tend to prioritize digital experiences over the traditional financial institutions and advisors their parents’ generation did. According to a Wall Street Journal survey, 31% of 23-to-38-year-olds say digital sources have played a big role in shaping their attitudes toward money, compared to 15% of Gen X and 5% of Boomers. The same report showed that 46% of Millennials prefer to learn about finance on websites, while only 25% would go see a financial expert in-person. (WSJ)
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