51% of UK consumers, especially Gen Z and Millennials, excessively check financial apps due to financial anxiety, per FIS study.
Financial tech leader FIS reports widespread financial anxiety in the UK, resulting in 'financial doomscrolling', where 51% of consumers are overly fixated on checking their financial apps. This habit is more common among Gen Z and Millennials. The study, involving over 2,000 UK consumers, found 58% feeling worse off than last year, with 75% struggling to meet financial goals due to inflation and cost of living.
June 26, 2024
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