The less visible a transaction is, the easier it is to overspend, and as more of Gen Z begin earning and budgeting, they’re seeing advantages to having cash in the payment mix to keep costs tangible and under control.
Writing for the Financial Times Adviser, intern Theo Gray—among the Gen Z population, born in the late 1990s and early 2010s—chooses Apple Pay for most of his purchases. He does, however, note that cash has some unique advantages, such as privacy, ease of use and freedom from transaction fees.
