Here’s how the Gen Z is spending money and building credit
Money personalities Darko said there are three money personalities that show up strongly among young South Africans who are now entering the credit market.
According to the financial service giant, people simply don’t relate to money in the same way, especially South Africa’s youngest credit-active generation.
The Spontaneous Buyer Darko said the second money personality is the spontaneous buyer, whose credit is driven by in-app checkouts – whether it’s a pair of sneakers split over three payments or a last-minute purchase that feels manageable because the instalments look small.
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