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Among those using technology for daily finances, Millennials lead the way, with 62% using online banking or automated bill payment, versus 60% of Generation X and less than half (37%) of those aged 60 or older.
"Technology is helping Americans get a better handle on their day-to-day finances, especially when it comes to routine tasks such as banking and bill payment," says
In other findings:
- The use of personal finance software is highest among those age 60 or older (12%) versus 2% or less for the other age groups.
- Among individuals who use technology for money-related tasks, 40% use it on a daily basis and 41% use it at least once a week.
"Since April is Financial Literacy Month, we want to remind people to be hands on with their finances and use various tools and resources to learn more," says DiCastri.
Northwestern Mutual has a number of free tools and resources for individuals – covering topics including budgeting, saving, investing, and planning for every life stage.
About TheMint.org Poll
TheMint.org offers parents, teachers and kids a variety of fun and educational resources to explore every day money concepts such as spending, saving and budgeting. TheMint.org is consistently updated with timely tips and tools, such as the new Just for Moms section and the monthly blog on a range of relevant topics.
About Northwestern Mutual
Northwestern Mutual is the marketing name for
As a mutual company with
Northwestern Mutual and its subsidiaries offer a holistic approach to financial security solutions including: life insurance, long-term care insurance, disability income insurance, annuities, investment products, and advisory products and services. Subsidiaries include
SOURCE Northwestern Mutual