Apparently, it's not cool to use cash anymore. More than 53% of Gen Z say they only use cash as a last resort, and almost one-third describe people who pay with cash as out of touch or even cringe, according to The Harris Poll, conducted in partnership with Cash App. Why Gen Z Thinks Cash Is Cringe One of the most surprising findings is that cash makes Gen Z more impulsive, not less. Older generations often used cash envelopes to stay disciplined, but Gen Z says the opposite happens. According to the sur ...

Financial Awareness & Education - Financial knowledge is crucial for navigating job insecurity, career gaps, longer lifespans, and managing inheritances [6][7][8][9][11][12][13] - Indians are hesitant to discuss personal finances, leading to approximately 200 billion rupees (2 lakh crore rupees) unclaimed in various financial instruments as of April 2025 [3][4][5] - Financial literacy can be improved through discussion and education, especially within Indian households [2][3] Investment Strategies & Management - Individuals should inform family members about their investments to ensure funds are accessible during emergencies [14][15][16][18] - Access to investments is critical; families should have a way to access funds in emergencies, such as maintaining a password-protected record of credentials [19][20][21][22][23][24] - Nomination is essential for investments, as it provides legal access to investments after the investor's passing, preventing them from becoming dormant [25][26] - Emergency funds should be built based on age and life stage, ranging from 3 months of expenses in one's 20s to 1 year in one's 50s [28][29][30][31] - Emergency funds should be parked in easily accessible avenues like savings deposits or liquid funds [32] - Instead of liquidating investments during emergencies, consider pledging them to obtain a loan, ensuring the asset remains under ownership and continues to appreciate [33][34][35][36][37] - Seeking professional financial advice is crucial to align investments with individual risk profiles and financial goals, rather than making decisions based on incomplete knowledge or copying others [39][40][41][42][43]