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The trend: A recent study reveals Gen Zers care much more about saving money than they do about paying off their debts, despite what some of their decision-making seemed to indicate. This finding could potentially change how financial institutions (FIs) approach young consumers.
What’s new: Though Gen Zers in other studies have previously cited a lack of desire to accumulate debt to travel home for the holidays, this new study finds that just 37% of Gen Zers prioritize paying their debts off.
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