a) Percent of millennials that use peer-to-peer payments (e.g., Venmo) weekly

b) Percent of customers that change banks in a given year. 

c) Percent of Americans under 25 that would rather go without their wallet than their phone

Answer (from Economist; subscription required):

a) 50% 

b) 8% 

c) 75% 

Questions:

• Do you use a peer-to-peer payment service? Why or why not? 
• Why do you think that such a low percentage of people change banks ever year?
• Would you rather go without your wallet or your phone? Explain your answer. 

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

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Teach your students how to manage a bank account with the NGPF Banking Simulation

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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