Gen Z finds cash 'cringe,' considering users 'out of touch' in study

Gen Z views cash as “cringe,” with 53% using it only as a last resort. A Harris Poll reveals that many prefer debit cards or apps for payments. About 29% think cash users are “out of touch.”

This generation believes using digital payments helps them budget better, as 54% say they spend more with cash. Instead of impulse buys, they focus on saving, with 46% building emergency funds.

Experts note that Gen Z is prioritizing long-term goals like traveling and moving out, while also seeking better financial habits. CashApp aims to meet their evolving financial needs.