Looking for one of your old articles.
I hear you often with John Williams. I recall you referring to an article you wrote about “Getting Banked” . Am I correct , or just in the early stages of senior decline? If I am correct you you advise how to find it on your web site. Recently I have met several millennials, living out of their wallet. They have no bank account. They pay people 33% to cash check for them. To the extent I can I would like to help. The article (unless I made it up) will include several points I am missing.
Terry Says
I can’t remember writing about that, but it’s a great idea for a column. And will become even better this fall when the President has decreed “no more paper checks”!
I agree that they need to be educated about costs and fees of “convenience.” But young people tend to avoid traditional banks and are now using “apps” for all kinds of financial transactions and money tracking.
Start by reading this: https://fintechlabs.com/digital-challenger-banks-with-youth-teen-banking/
I highly recommend Acorns as a starting point.
