GenZ kids across the globe are the easiest targets for lending businesses.
While people born in the 80s and 90s have been conditioned to borrow money only for big-ticket items like real estate or marriage or studies, kids of this generation are not afraid to borrow money for a pair of denims or grocery or a vacation they’ve wanted to take.
- Do kids of this age have more spending power?
- Do they not value money as much “we” used to?
- Are they simply unaware of the implications of borrowing?
- Is technology and fintech revolution to be blamed for making the process of lending so seamless and hassle-free?
Happy to hear other opinions.