Most Americans would rather ditch social media than their beloved banking apps, Wells Fargo survey says
Most Americans would rather ditch social media than their beloved banking apps, Wells Fargo survey says
If you’ve spent a lot of time in the past year looking at your bank account balance, you’re not the only one. Nearly all Americans are rethinking their finances as money anxiety increases, according to a new study from Wells Fargo.
A survey of more than 3,700 U.S. adults found that 86% of respondents said they made changes in what, where, and how they buy, and two-thirds said they have delayed spending or payments.
People are looking to take charge over their finances and feel more positive when they sense they’re in control, Emily Irwin, head of private wealth planning at Wells Fargo, told Fortune.
Meanwhile, 84% said they’d rather give up social media for a year compared to just 16% willing to say goodbye to banking apps from Robinhood,........
