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The 10 Best Apps For Selling Your Stuff

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

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Who among us hasn’t squealed in delight at the adorable, impeccable figure of Marie Kondo, blithely helping borderline hoarders reorganize their lives? (Seriously, if you have not yet, go watch now. It is an instant mood boost.) If the newest Netflix zeitgeist has you inspired to do some decluttering of your own, why not take the opportunity to make a little bit of money while you’re at it?

Here are some of our favorite quick, convenient digital sales apps to help you turn that potential trash into treasure.

Poshmark

For many, our closets are our biggest junk-compiling culprits. It’s just so easy to let old clothes languish — or to forget about that new sweater with the tags still on it.

If you’re looking to get rid of some high-quality duds that just don’t suit you anymore, Poshmark is a great option. It’s available as an app for both iOS and Android, and it also has a slick browser interface so you can sell gently-used fashion items from literally anywhere.

What makes it great? Listings take less than 60 seconds to set up, especially if you use the in-app photo functionality. Poshmark provides sellers with prepaid shipping labels at no additional cost to you, rolled into the price paid by the buyer. One exception: if your package weighs more than five pounds, you’ll be responsible for overweight costs.

Poshmark also hosts three “Posh Parties” per day: in-app sales events focused around a specific theme or brand. These can boost sales and make the process more fun for both buyers and sellers.

Cost. Poshmark makes money by charging a commission fee against each sale you make, though listing items is totally free. For listings under $15, the commission is a flat $2.95; for those $15 and over, you’ll keep 80% of the sale price.

Letgo

From fashion accessories to used electronics and even vehicles, Letgo helps you sell your old stuff “quickly, safely and locally.” Find it in the App Store or on Google Play.

What makes it great? Letgo takes the hassle of shipping out of the picture, focusing on helping you sell secondhand items within your local neighborhood.

Letgo features a user-friendly listing mechanism, allowing you to photograph your items directly from the app. You can also chat with potential buyers and easily share the listing on your social networks, all through its secure platform.

Cost. Letgo is totally free to use, charging neither a listing fee nor taking a commission.

OfferUp

Another free everything-under-the-sun sales app, OfferUp can be used through your web browser or via mobile app for either iPhone or Android.

What makes it great? Whether you’re selling that old camera to fund an upgrade or looking for a new home for your couch, OfferUp is all about staying local — which means you won’t have to worry about shipping. The app also features an instant messaging system to make it easy to communicate with buyers, as well as ratings, profiles and transaction histories to help keep everything transparent.

Cost. OfferUp is free for both buyers and sellers to use at the basic level, but charges fees for premium, pay-per-use services, like Bump (which bumps your item to the top of the pile) and Promote (which makes your items show up more often).

Mercari

Not super into the idea of meeting up with a local stranger to exchange goods? Mercari makes shipping easy by automatically emailing a label to the seller — and you can list just about anything, from tops to treadmills. You can find it in the App Store for Apple devices or through Google Play for your Android.

What makes it great? This app stands out from the crowd with its diversity of item categories, even including a section for handmade goods. And getting paid as a seller is super simple: Once you have a balance of $2 or more, you can simply request a direct deposit into your checking account.

Cost. Mercari takes a flat 10% fee when you complete a sale.

Tradesy

Another fashion-focused sales platform, Tradesy doesn’t sacrifice security for speed. Although you can set up a listing in just seconds, rest assured that your transaction will be successful thanks to its seller protection guarantee, which covers shipping and return costs. Find it for iOS and Android.

What makes it great? Tradesy’s marketplace is specifically marketed toward women, and it’s filled with the fashion items you covet at affordable prices. To that end, once you make a sale, you can choose to transfer your earnings to a PayPal, debit card or bank account … or just keep them right there on Tradesy to use for your next not-so-costly splurge.

Cost. Though Tradesy doesn’t assess selling fees upfront, it does take a 19.8% commission on items sold for $50 and over. Items that sell for less than that are hit with a $7.50 flat fee. You’ll also pay a 2.9% “Safe Transfer Fee” when you withdraw your earnings.

ThredUP

If you need some motivation to clean out your closet, ThredUP might be just what you’re looking for. Unlike other fashion sales apps, this one’s about as hands-off as possible: All you have to do is fill a bag with clothes and leave it with your mail carrier. ThredUP takes care of the rest.

What makes it great? If the very idea of listing individual items (and then managing those listings) makes your head spin, ThredUP is a great alternative. You just declutter your closet as normal and send off the stuff — in a prepaid bag, no less! — and earn consignments on eligible items.

Unaccepted items are used or recycled, so even if you don’t earn any money, you’re still doing something awesome. And if you happen to have some luxury, designer-brand items to re-home, you’ll earn an extra 10% payout.

Cost. ThredUP keeps a sometimes-significant portion of an item’s selling price, and your actual payout will vary depending on the final sale price of the item. Generally, the more your clothing sells for, the more you’ll earn, up to 90% for the most luxurious, expensive items. Then again, if your piece sells for $15 or less, you’ll only get 5%, so it’s a bit of a give and take.

Decluttr

You know how each time you upgrade to a new smartphone, you stash your old one in the back of your closet for safekeeping?

Yeah, that makes zero sense — especially when you can easily turn it into extra cash by selling it on Decluttr. Ditto for laptops, video game systems and digital media like CDs and DVDs.

What makes it great? Decluttr puts as much money as possible into your pocket, promising up to 33% more than you’d earn reselling your old gear back to your carrier. The shipping is free and insured, so you can rest easy that your tech will make it to the company unharmed — and you can receive your earnings by check, direct deposit or PayPal transfer the very next day.

Cost. Decluttr makes money by reselling your tech at a higher price than it pays you for it, but it’s still free to use on your end. And while you might be able to fetch the same price selling it yourself on, say, Craigslist, it’s a whole lot more work.

Chairish

Moving house? Before you start loading that van, check out Chairish, a digital consignment shop specifically for used and vintage furniture. It’s available in Apple’s App Store or through your regular web browser, but not yet on Google Play — sorry, Android users.

What makes it great? Chairish boosts your items’ ability to sell by touching up your homespun photos, and its buyer verification system means less wasting time with lookie-loos. They also orchestrate shipping for you (which is especially welcome when dealing with bulky furniture items) and quickly allow withdrawals to PayPal after a 48-hour buyer return window.

Cost. It’s free to list items on Chairish, and you’ll keep between 70-80% of the sale price depending on your number of active listings.

5miles

Yes, its name looks like an internet-y version of “smiles” for a reason: 5miles is a digital marketplace that allows you to sell all sorts of items, but also to promote services and even look for jobs. It’s also got a “community” section where you can advertise pets for adoption, want ads, lost-and-found items and yard sales. The app is available for both Apple and Android.

What makes it great? As its name implies, all of the various transactions take place within a five-mile radius of your location. (Well, that’s the default. You can actually expand the filter up to 50 miles, but still, it’s all local.)

Unlike other sell-it apps, 5miles also features a pretty nifty bidding platform called 5miles Dash. Instead of agonizing over a list price, let your potential buyers duke it out — and hopefully push it up — for you!

Cost. In most categories, you’ll get your first five listings free, and then decide between paying a listing fee or monthly membership charge thereafter. For full, up-to-date rate details, see this page.

Vinted

Headquartered in Lithuania, Vinted, another fashion-sales app, has the sophisticated European feel you might expect but without any pretension. It’s also totally free to list, and the company’s commissions are capped at a low $5.

What makes it great? You can list men’s, women’s and children’s clothing easily on Vinted, and the buyer always covers the shipping fee. You can also build a network of followers who see when you post new items, which can help you sell those items faster.

Cost. Vinted is totally free — there’s no fee to list or sell items!

A less-messy closet and a fatter wallet? Now that’s what we call sparking joy.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

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10 Great Free Checking Accounts

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer. This site may be compensated through a credit card issuer partnership.

The humble checking account may not offer rewards, cash back or many of the other perks offered by ritzy credit cards, but it remains the cornerstone of your financial life. Nobody likes paying monthly maintenance fees, so why not pick a free checking account that does away with them altogether?

Below, we’ve selected nine of the best free checking accounts by scouring our database for products meeting the following criteria:

  • No monthly maintenance fee
  • A low initial deposit amount (between $0-$50) needed to open the account
  • No minimum balance requirement
  • Minimal third-party ATM fees
  • Available nationwide

10 bests free checking accounts of March 2020

Account Name

Minimum needed to open

APY

Consumers Credit Union (IL) Free Rewards Checking$05.09% (applies to balances up to $10,000)
TAB Bank Free Kasasa Cash Checking$04.00% (applies to balances up to $50,000)
T-Mobile Money$04.00%(applies to balances up to $3,000)
One American Bank Kasasa Cash Account$503.50%(applies to balances up to $10,000)
Evansville Teachers FCU Vertical Checking$30 ($25 if you're already a member of this credit union)3.30% (applies to balances up to $20,000)
Lake Michigan Credit Union Max Checking$03.00%(applies to balances up to $15,000)
Andigo Credit Union High-Yield Checking$03.00% (applies to balances up to $10,000)
Simple Account$00% to 1.55% on balances in Protected Goals
Axos Bank$501.25% (applies to balances up to $150,000)
SoFi Money$01.10%

Consumers Credit Union (IL) Free Rewards Checking

The Consumers Credit Union provides an online-only Free Rewards Checking account to anyone in the nation who becomes a member. You can qualify for membership with a one-time $5 payment to Consumers Cooperative Association. Perks of the account, which charges no monthly maintenance fees and requires no minimum balance, include unlimited third-party ATM fee refunds.

However you do have to meet some requirements in order to get all of the benefits of the account (including the high APY). The APY for this account is divided into three tiers, with the lowest earning 3.09%, the middle 4.09% and the highest tier 5.09%. The requirements for each of these tiers are:

To earn 3.09%

  • Receive eStatements
  • Make at least 12 debit card purchases a month
  • Post direct deposits or ACH payments of at least $500 each month

To earn 4.09%

  • Meet all the requirements of the previous tier
  • Have a Consumers Credit Union Visa credit card and spend at least $500 a month on it

To earn 5.09%

  • Meet all the requirements of the previous tier
  • Spend at least $1,000 a month on your Consumers Credit Union Visa credit card

Keep in mind these high APYs only apply to balances up to $10,000. The portion of any balance between $10,000.01 and $25,000 earn 0.20% APY, and balances greater than $25,000 earn an APY of 0.10%.

SEE DETAILS Secured

on Consumers Credit Union (IL)’s secure website

NCUA Insured

TAB Bank Free Kasasa Cash Checking

Headquartered in Ogden, Utah, TAB Bank offers a great rate on its Free Kasasa Cash Checking account. Developed by the Kasasa Corporation, a Texas-based financial services and marketing organization, Kasasa accounts help smaller banks compete against larger rivals by providing higher rates.

TAB’s account charges no fees for using third-party ATMs, and reimburses up to $15 in third-party ATM fees per month. There are no fees and no minimum balance requirement for this account, but to earn 4.00% APY reward rate, every month you must:

  • Deposit at least one ACH payment or direct deposit, or make one bill pay transaction
  • Make at least 15 signature-based debit card purchases of at least $5 each

If you don’t qualify in any given month, your balance earns 0.05% APY, and third-party ATM fees are not refunded. You can earn the reward rate APY on balances up to $50,000, which is well above the other maximum balances on this roundup. Balances greater than $50,000 earn an APY of 0.25%.

SEE DETAILS Secured

on TAB Bank’s secure website

Member FDIC

T-Mobile Money

Wireless carrier T-Mobile is venturing out into new territory with a financial product – a competitive one, too. T-Mobile Money is a new checking account that pays a 4.00% APY on balances up to $3,000. Balances over $3,000 earn an APY of 1.00%. There are no monthly fees, overdraft fees, transfer fees, ATM fees or minimum balance requirements.

In order to receive the 4.00% APY, though, T-Mobile Money does require the following:

  • Enroll in a qualifying T-Mobile wireless plan
  • Register for Perks with your T-Mobile ID
  • Make at least $200 in qualifying deposits to your checking account in the calendar month

Balances that do not meet these requirements, or balances over $3,000, will earn 1.00% APY.

SEE DETAILS Secured

on T-Mobile Money’s secure website

Member FDIC

One American Bank Kasasa Cash Account

This small community bank, based in Sioux Falls, SD, offers a nationally available Kasasa Cash checking account that earns a decent 3.50% APY on balances up to $10,000. You need a minimum of $50 to open the account, but after that all you need to do to earn the very competitive APY of 3.50% is:

  • Make at least 12 debit card purchase transactions a month of at least $5.00 each
  • Receive electronic bank statements, account notices and disclosures
  • Log in to online banking at least one time a month

If you meet these qualifications, One American Bank also refunds up $25 in third-party ATM funds per month.

SEE DETAILS Secured

on One American Bank’s secure website

Member FDIC

Evansville Teachers Federal Credit Union Vertical Checking

Don’t let the name of this credit union fool you—anyone can become a member if they open a $5 savings account, which then allows you to open a Vertical Checking account.

This free checking account doesn’t charge a monthly service fee or require you to maintain a minimum balance, and in return gives you an APY of as high as 3.30% on balances up to $20,000, provided you fulfill the below requirements:

  • Make at least 15 debit purchases each month
  • Make at least one direct deposit into the account each month
  • Login to your mobile or online banking at least once each month
  • Opt in to receive eStatements
  • In addition to the high APY, meeting these requirements entitles you to $15 a month for reimbursing third-party ATM fees.

In addition to the high APY, meeting these requirements entitles you to $15 a month for reimbursing third-party ATM fees.

SEE DETAILS Secured

on Evansville Teachers Federal Credit Union’s secure website

NCUA Insured

Lake Michigan Credit Union Max Checking

Despite its name, the Lake Michigan Credit Union is open to anyone who makes a $5 donation to the ALS Foundation. That small donation can pay off tenfold with the credit union’s Max Checking account, which features a 3.00% APY on balances up to $15,000. The account also has no minimum balance requirements and no monthly fees.

In order to receive the 3.00% APY, you must:

  • Direct deposit into any LMCU account
  • Make a minimum of 10 debit or credit card transactions per month
  • Make 4 logins to home banking per month
  • Sign up for e-statements

The Lake Michigan Credit Union’s Max Checking account also offers up to $10 in monthly reimbursements for non-LMCU ATM fees.

SEE DETAILS Secured

on Lake Michigan Credit Union’s secure website

NCUA Insured

Andigo Credit Union High Yield Checking

Another credit union with a competitive checking account is the Andigo Credit Union High Yield Checking account. With a handful of physical branches in Illinois and mobile banking services, Andigo Credit Union is open to anyone who makes a $15 donation to ConnectVETS.

Andigo’s High Yield Checking account features a 3.00% APY on balances up to $10,000, has no monthly fees, no minimum balance requirements and $12 a month in ATM surcharge rebates. However, to take advantage of the 3.00% APY, you must:

  • Have $500 or more in total direct deposit
  • Make 15 or more debit card purchases per month

Accounts that do not meet those qualifications earn a 0.06% APY. Balances above $10,000 earn 0.10% APY.

SEE DETAILS Secured

on Andigo’s secure website

NCUA Insured

Simple Account

Another online-only account, Simple is owned and backed by regional bank BBVA Compass and offers customers a checking account that’s intertwined with the app’s Protected Goals savings account, and additional budgeting tools. Simple doesn’t charge any fees, meaning users enjoy:

  • No monthly maintenance fee
  • No minimum balance needed
  • No account closing fee
  • No stop payment fees
  • No debit card replacement fee
  • No ATM fee if using Simple’s network, but users can be charged a fee by other banks if using a non-network ATM

One fee you do have to pay is a foreign transaction fee when using your Simple card internationally, which can be up to 1% of the transaction.

As a cash management product, the Simple Account automatically comes with a savings account feature. While the checking balance in a Simple Account earns a token 0.01% APY, Simple’s Protected Goals savings balances earn an APY of 1.55%.

SEE DETAILS Secured

on Simple’s secure website

Axos Rewards Checking

With a generous APY and no fees, online bank Axos offers a checking account that stands apart from the pack. Axos’ Rewards Checking account boasts an APY ranging from 0.4166% to 1.25%, depending on your balance and how many monthly transactions you make with your debit card. The account has no maintenance fees and no monthly minimum balance requirements, however there is a required $50 to open an account.

Axos says it does not charge overdraft or NSF fees for customers of its Rewards Checking account. The bank also offers overdraft protection, and will transfer available funds from a linked account, up to a maximum of six times per month.

The Axos Rewards Checking account’s other standout features include:

  • Unlimited domestic ATM fee reimbursement
  • No overdraft or NSF fees plus overdraft protection

SEE DETAILS Secured

on Axos Bank’s secure website

Member FDIC

SoFi Money

SoFi may be better known for its personal loan products, but its SoFi Money cash management account offers a great free checking experience. This account earns a decent 1.10% APY with fees and no minimum balance requirements. SoFi charges no ATM fees of its own, and it will reimburse you for any third-party ATM fees you are charged anywhere in the world. If you need physical checks, you can request them from SoFI.

SoFi partners with multiple banks to hold your money in FDIC-insured accounts. This means that SoFi Money accounts are FDIC insured on balances up to $1.5 million in total, well above the standard $250,000 FDIC insurance level available with conventional accounts.

SEE DETAILS Secured

on SoFi’s secure website

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

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38% of Investors Are Worried They’ll Lose Retirement Savings Amid the Coronavirus Pandemic

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone and is not intended to be a source of investment advice. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

As the coronavirus (COVID-19) pandemic brings the world to a screeching halt, one of its many detrimental effects is its impact on the stock market. With businesses shuttering, unemployment spiking and economic fears rising, the stock market has been hit hard, with multiple indexes plunging to new, multi-year lows in March.

Such a significant decline has taken a toll on individual investors, too. According to a new survey of over 1,000 respondents by MagnifyMoney, 38% of investors fear they’ll lose all of their retirement savings due to the economic turmoil caused by the pandemic. Already, the coronavirus outbreak has caused investors to lose money and alter their investing behavior, our survey found.

Key findings

  • Our survey found that 38% of investors are worried they’ll lose all of their retirement savings because of the coronavirus outbreak.
  • About 59% of investors said they’ve already lost money from investments during the pandemic (this does not include the 26% of respondents who weren’t sure if they had lost money).
  • The majority of the investors surveyed (39%) said they’re avoiding looking at their investment portfolio amid the coronavirus pandemic. On the other hand, 26% said they are “constantly” checking their investments.
  • Roughly 45% of surveyed investors said they had made changes to their portfolio in the last two weeks, as the coronavirus spread throughout the U.S. and across the world.
  • More than 1 in 10 investors said they’ll never feel comfortable with the stock market again, though 29% said they still feel comfortable. Other investors said they’d need to see some positive signs before they felt comfortable again.
  • When asked how the coronavirus will affect their future investing decisions, 55% of investors said it would impact them in some way (this percentage does not include the 13% who weren’t sure). Most notably, 29% will decrease their level of risk, 23% will make sure they have plenty of money outside the market and 21% will further diversify their portfolio.
  • Still, the vast majority of investors (78%) are confident the stock market will recover from the decline associated with the coronavirus. Only 8% don’t think the stock market will recover in their lifetime.

How much investors have lost amid the coronavirus pandemic

With markets swinging wildly and diving to new lows, investors have understandably lost money in the wake of the coronavirus pandemic. In fact, our survey reveals that the majority of investors (59%) have lost money — a figure that did not include the 26% of investors who were not sure if they had.

The bulk of investors who have lost money during the coronavirus outbreak, though, have lost less than $50,000, with 26% saying they lost less than $10,000, 12% saying they lost between $10,000 and $24,999 and 8% saying they lost between $25,000 and $49,999. However, some investors are reporting hefty losses, with 4% losing between $50,000 and $74,999 and 10% losing a staggering $75,000 or more. Meanwhile, our survey found that 15% of investors haven’t lost any money and 26% don’t know how much they have lost.

What’s arguably more alarming, though, is the sheer amount of investors (38%) who said they fear they have lost all of their retirement savings as fallout from the coronavirus pandemic continues to ravage the markets. While that percentage was fairly consistent across generations, it was highest among those in Generation Z. Nearly half (47%) of Gen Z worried their retirement savings would be completely wiped out, compared to 40% of millennials, 45% of Gen Xers and 30% of baby boomers.

One potential reason for the gap in concern between Gen Zers and baby boomers is that younger generations likely have far smaller nest eggs than their boomer counterparts, meaning it wouldn’t take as much market volatility to wipe out their retirement savings.

How the coronavirus pandemic is impacting investor behavior

As the coronavirus pandemic continues to batter the economy, our survey found that many investors (39%) are choosing to avoid checking their portfolios altogether. Meanwhile, 35% of respondents said they are looking at their portfolios occasionally, while 26% said they are checking in constantly.

Of those who are shielding themselves from watching their portfolios plummet, many are baby boomers. Our survey revealed that almost half of baby boomers (48%) are steering clear of checking their portfolio right now, compared to 37% of Gen Xers, 35% of millennials and 27% of Gen Z.

Despite the fact that many investors are opting against looking at their portfolios during this turbulent time, some are still making changes to their investing behavior in response to the coronavirus outbreak. Our survey found that while the majority of investors (55%) have not made any changes in the last two weeks, 19% have taken some money out of the stock market, 18% have reduced their level of risk, 9% have changed the type of stocks they’re investing in and a surprising 8% have taken all of their money out of the stock market.

How the coronavirus pandemic will influence future investing decisions

Stock market ups and downs are par for the course when it comes to investing, and our survey suggests that even the coronavirus pandemic’s impact on the stock market isn’t enough to have a lasting effect on the confidence of many investors. In fact, we found that the majority of investors (78%) think that the stock market will recover from the drop associated with the coronavirus pandemic.

Still, 8% of investors said they don’t think the stock market will ever recover in their lifetime, while 15% investors said they didn’t know if it would. It’s worth highlighting, too, that Gen Zers were far more likely (18%) than any other generation to not have faith that the stock market will make a recovery in their lifetime.

While we did find that most investors are confident that the market will recover from the drop associated with the pandemic, that confidence doesn’t necessarily translate to comfort. In fact, our survey found that 11% of respondents said they will never again feel comfortable with the stock market, which could impact how — and whether — they invest again in the future.

Meanwhile, 29% of investors said they still feel comfortable with the stock market during these turbulent times, though most investors said they’d need to see the following major changes to feel comfortable again:

  • 32% said that the Dow Jones would need to show positive growth
  • 29% said that the number of COVID-19 cases would need to significantly decrease
  • 20% said that news coverage of the stock market would need to turn more positive
  • 19% said the government would need to inject a stimulus into the stock market
  • 10% said they would need their financial advisor to tell them it’s okay

Aside from rattling investor confidence, our survey reveals the coronavirus outbreak could have lingering effects on investor behavior in the future. Only 32% of investors said their future investing decisions won’t be impacted by the coronavirus pandemic. Meanwhile, 29% said it will cause them to decrease their level of risk, 23% said that it would cause them to make sure they have enough money outside of the stock market and 21% said it will cause them to diversify their portfolio more. A striking 4% said they may not invest anymore.

What you should do when the stock market is dropping

When the stock market is taking multiple nose-dives as it has been recently, it’s understandable to feel uneasy. It’s important to remember, though, that investing is a critical component of building a healthy financial life, and stock market declines are par for the course.

In fact, market corrections — which is when the stock market drops 10% or more from its most recent high — happen every few years. Factoring in all corrections, the S&P 500 still has an average annual rate of return of around 10% over the longer term.

During times of turbulence, money moves you can make include:

  • Keeping your emotions in check when looking at your investment portfolio
  • Avoid pulling your money out of a declining market on impulse
  • Making sure you have a solid emergency fund in a liquid savings account
  • Considering a more conservative portfolio allocation if you’re closer to retirement and therefore have a shorter timeline

Methodology

MagnifyMoney conducted an online survey of 1,010 investors, with the sample base proportioned to represent the overall population. We defined generations as the following ages in 2020:

  • Gen Z are ages 18 to 23
  • Millennials are ages 24 to 39
  • Gen X are ages 40 to 54
  • Baby boomers are ages 55 to 74
  • Silent generation are age 75 and older

The survey was fielded through Qualtrics from March 18-19, 2020.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.