The State of Gen Z Financial Health: How Can Banks Ensure their Educational Content is Reaching Gen Zers?

Distributed by Globe Newswire
21st August 2024

Dublin, Aug. 21, 2024 (GLOBE NEWSWIRE) — The “State of Gen Z Financial Health: Gen Zers Are in Denial About Their Finances – But Banks Can Help” report has been added to ResearchAndMarkets.com’s offering.

Gen Zers are banks’ biggest addressable audience, but they’re ill-equipped to grow their wealth over the long term. That could threaten banks’ bottom lines – but providing engaging financial education for Gen Zers could help turn the tide.

Key Question: How can banks ensure their educational content is reaching Gen Zers?

Key Stat: Less than 40% of Gen Zers feel able to save for the long term, per the September 2023 survey. Financial education from banks could help alleviate stressors, building loyalty and ultimately increasing Gen Zers’ customer lifetime value.

Here’s what’s in the full report

2 Exportable files for easy reading, analysis and sharing.
9 Charts: Reliable data in simple displays for presentations and quick decision making.

Key Topics Covered:

Gen Zers aren’t facing financial reality – but banks can help
Gen Zers are spending away their existential blues
Gen Zers want knowledge and tools to improve their financial security
How can banks tailor their financial education strategies for Gen Z?

Charts in This Report

Expenditure Categories That US Gen Z Mobile Banking Users Are Able to Comfortably Cover/Save for Given Their Current Financial Situation, Sep 2023 (% of respondents)
Financial Attitudes of US Gen Z vs. Millennials, April 2023 (% of respondents)
US Gen Z Adults’ Functional Financial Knowledge Across Key Categories, Jan 2023 (% of questions answered correctly )
US Active Investors’ Level of Trust in Sources of Financial Advice/Information, Gen Z vs. Total, May 2023 (% of respondents rating the source as “very” or “extremely” trustworthy)
Financial Experiences Among US Gen Z Adults vs. Total Adults, Aug 2023 (% of respondents)
Types of Banking-Related Information That US Gen Z vs. Total Banking Consumers Have Looked Up on Social Media, Oct 2023 (% of respondents)
Mobile App Digital Money Management Features That US Gen Z vs. Total Mobile Banking Users Consider Extremely Valuable, Sep 2023 (% of respondents)
Mobile Banking App Features That Would Be Considered Valuable if Accessible via Their Banking App According to Gen Z vs. Total US Mobile Banking Users, Sep 2023 (% of respondents)
Social Media Activities of US Gen Z Social Media Users, July 2023 (% of respondents)

For more information about this report visit https://www.researchandmarkets.com/r/b0zjuw

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: 
CONTACT: ResearchAndMarkets.com 
         Laura Wood,Senior Press Manager 
         [email protected]
         For E.S.T Office Hours Call 1-917-300-0470 
         For U.S./ CAN Toll Free Call 1-800-526-8630 
         For GMT Office Hours Call +353-1-416-8900