Lily Smith
Like mother, like daughter? Like father, like son? Despite the increasing prevalence of digital payments in today’s world, young people continue to use cash. The persistence of cash use, even among youngsters who have grown up with debit cards and smartphones, raises interesting questions about the factors that influence young people’s payment choices. Are they really rebelling against their parents or are they more like them than they care to admit? It seems that young people are following in their parent’s footsteps and choosing to use cash because their parents do so. And instead of rolling their eyes at their advice, young people are in fact turning to them for hints and tips on money management.
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