The Future of Money: Financial Institutions Are Missing a Huge Opportunity
People’s relationship with money is broken. Research by Red Associates found half of respondents said money and finances are a big stressor in their lives today, and well over one-third (37%) said money was the biggest source of stress in their lives. In addition to practical concerns (managing spending habits, planning for retirement), they revealed a persistent sense of anxiety. Money pervades almost everything people value in life, and they don’t feel in control of it.
This video summarises the opportunity — and the challenge — for financial services providers to understand more about consumers’ relationship with money and, in particular, their differing attitudes between what we call ‘fast’ and ‘slow’ money.
For detailed results, download the full study report, The Future of Money.