Gen Z Is Embracing Cold, Hard Cash

The video explores Gen Z's financial behaviors, highlighting their preference for cash due to a distrust of debt and digital transactions. Influenced by the pandemic and recession, Gen Z is cautious with finances, often using cash to feel in control. Despite growing up in a cashless world, many prefer cash for everyday purchases, reflecting a pragmatic approach to financial management.

What financial challenges did Gen Z face during the pandemic?

• Increased savings

• Falling behind on credit payments

• Increased investment in stocks

• Higher employment rates

Why do some Gen Z individuals prefer using cash over digital transactions?

• Cash feels like free money

• Cash provides a sense of spending control

• Cash is more secure

• Cash is easier to earn

How does Gen Z's upbringing in a cashless world affect their spending habits?

• They avoid using any form of currency

• They prefer using cash for all transactions

• They are more comfortable with digital payments

• They invest heavily in cryptocurrencies

What percentage of Gen Z prefers using cash for everyday purchases according to a Credit Karma survey?

• 55%

• 45%

• 35%

• 25%

What is a common reason Gen Z individuals avoid using credit cards?

• High interest rates

• Lack of availability

• Preference for cash

• Fear of identity theft