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Podcast: Thank God It's Toby Highlights
Episode: Mr MoneyJar
Description: Surprisingly, 18-24-year-olds have, on average, a lower outstanding balance of £199 on buy now, pay later (BNPL) products than their elders (compared with £224 for Gen X).55% of Gen Z believe they are seen by older generations as being “financially irresponsible”, and that there is a lack of understanding about how expensive it is to live these days (51%). However, although many are in the early stages of their careers, 18-24-year-olds on average have an impressive £4,935 in savings, just behind Millennials with £6,053 and Generation X at £6,701.Gen Z are also surprisingly savvy spenders – they are trying...