Millennials and Gen Z don’t know what credit unions are

first_img continue reading » Okay, let’s start this out with a major caveat:Most young people don’t have a good understanding of the financial world. Ask them to tell you what APR stands for. Or the difference between renting and leasing. Or how credit scoring works. Many will answer competently, but most will not.So, take this will a grain of salt:Most Millennials and Gen Z don’t know what credit unions are.Credit Unions Have an Awareness ProblemZogo Finance, a startup geared toward increasing Gen Z financial literacy, is well aware of the credit union awareness problem. They found that more than 75% of their university peers didn’t know what a credit union is. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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