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Fortune
Fortune
Aly J. Yale

More than half of Gen Z and millennials have less than $500 in their checking accounts

Photo of two young Gen Z women using an atm while holding shopping bags and a mobile phone. (Credit: Photo illustration by Fortune; Original photo by Getty Images)

A new survey finds that millennials and Gen Z aren’t as different as they might seem—at least when it comes to managing their money.

According to the 1,000 respondents recently surveyed by GOBankingRates, more than half of both generations keep less than $500 in their checking accounts. 

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