A new report from Virgin Money reveals that Generation Z cares the most about their financial security and worries most about how the current economic climate will impact on their goals (70%). 18-24-year-olds have, on average, a lower outstanding balance of £199 on buy now, pay later products than their elders.
The findings come from research commissioned by Virgin Money with 5,000 consumers in the UK across different age groups, as it launches Virgin Money Slyce.
18-24-year-olds on average have £4,935 in savings, just behind Millennials with £6,053 and Generation X at £6,701.
