The biggest mistake younger consumers make today, according to money expert Martin Lewis, is believing that debit cards are the safe and sensible way to pay. In reality, he warns, that mindset is outdated and costing Millennials and Gen Z far more than they realise.
On his latest podcast, Lewis said the most important lesson modern bank users must understand is this: when you are overdrawn, your debit card becomes the most expensive form of borrowing you have. For millions who dip into their overdraft each month, that misunderstanding is quietly draining their income.
