Why do Gen Z lead the way in saving money?

66% of Gen Z’s under 27 years old believe they can grow their money best; however, Millennials (those born between 1997 and 2012), are most likely to utilise a stocks and shares ISA.

Boomers on the other hand (born between 1946 and 1964), use savings accounts and cash ISAs most frequently but are the generation most likely to keep money in their current account.

The research commissioned by Virgin Money to take a snapshot of generation saving also revealed Millennials (born 1981 – 1996) are most likely to save most annually.

Ros spoke to finance expert Timi Merriman-Johnson a.k.a Mr Money Jar & Jen Adams from Virgin Money.

Photo by Colin Watts on Unsplash