This money hack is 'cringe' to Gen Z, but has helped older generations save
Update: 2025-10-30
Description
Cash is losing its appeal among Gen Z and millennials, with a significant portion finding it 'cringe' or 'out of touch.' A recent survey reveals that these generations are more likely to overspend with cash, unlike older generations who see cash as more 'real.' Despite the potential for reduced spending with cash, Americans are now equally likely to use debit cards for small purchases. Modern money management strategies, like 'cash stuffing,' may not yield the same benefits for digital natives. While cash can aid self-control, experts advise against keeping all savings in cash due to risks of theft, loss, and disasters. Instead, they recommend using a cash-based budget for daily spending and protecting real savings in interest-bearing accounts.
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