Banking and Payments Vary by Generation

Posted by Michael Harter | Dec 10, 2025 | In The News

Source: FINRA Investor Education Foundation, July 2025

A study of financial capability found interesting differences across generations in banking and electronic payment practices. It’s probably not surprising that younger people are less trusting of banks and more likely to use mobile banking and payment apps. But older people are also adopting various forms of electronic banking and payment.

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2025.

About The Author

Michael Harter

In 2000, Robert F. Murray & Company, CPAs formed RFM Financial Solutions, LLC to formalize their investment management practice of which Mike has been responsible for its operations. “For years, we had clients coming to us asking for our opinion on investments” explains Mike. “They trusted our advice and so we decided to elevate and expand our services to our client’s needs and requests. So we designed a unique approach to guarantee that our advice would always be in the best interest of our clients and that no outside influences such as commissions would impair our recommendations.”