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– The 2020 Youth Financial system Report included 59,006 American kids ages 6-18 (who used the gohenry app + from a Censuswide Survey), and found that 51% of children and teenagers worry about money.

A 2018 Equifax examine in the UK revealed that 65% of kids aged 8-sixteen fear about their families not having sufficient money.

A 2021 Deloitte International Millennial and Gen Z survey of 22,928 (8,273 have been 9-24-12 months-olds) revealed 25% of Gen Z worried about unemployment.

When I think back to my very own teen years, I can remember worrying about money.

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In addition to, he called for enlightenment on SMEs; making certain that individuals of competence and integrity are brought for oversight capabilities; and increasing the capital base to a minimum of N100 billion.”The downside of this intervention is that the standard microfinance banks will stand no chance of competing with this particular initiative. If it is taken to scale, it would crowd out their operations, and they are going to be compelled to wind up. But the optimistic benefits crowd out this downside.