{"id":13170,"date":"2023-08-20T15:14:55","date_gmt":"2023-08-20T15:14:55","guid":{"rendered":"https:\/\/isafespend.com\/personal-finance\/parents-shift-to-venmo-paypal-zelle-to-pay-teens\/"},"modified":"2023-08-20T15:14:56","modified_gmt":"2023-08-20T15:14:56","slug":"parents-shift-to-venmo-paypal-zelle-to-pay-teens","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=13170","title":{"rendered":"Parents shift to Venmo, PayPal, Zelle to pay teens"},"content":{"rendered":"
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Are the old-school allowance protocols and practices shifting in the digital age?\u00a0Is it finally time to discard piggy banks?\u00a0<\/p>\n

A recent survey by Visa found that millennial parents are utilizing digital payment apps such as Venmo, Zelle, PayPal as a secondary form of payment for their teenagers.\u00a0<\/p>\n\n\n\n\n\n\n\n<\/tr>\n<\/tbody>\n<\/table>\n

While the survey reveals cash is still king because it remains the most common way teenagers receive their allowances, data also reveals parents are utilizing digital payment options as a method of moving money to their teenage children across a variety of spending occasions.\u00a0<\/p>\n

401(k) MILLIONAIRES ARE ON THE RISE: FIDELITY<\/strong><\/p>\n

Highlights from Visa\u2019s survey<\/h3>\n

Ticker<\/th>\nSecurity<\/th>\nLast<\/th>\nChange<\/th>\nChange %<\/th>\n<\/tr>\n<\/thead>\n
PYPL<\/td>\nPAYPAL HOLDINGS INC.<\/td>\n59.42<\/td>\n+0.82<\/td>\n+1.40%<\/td>\n<\/tr>\n
BAC<\/td>\nBANK OF AMERICA CORP.<\/td>\n29.11<\/td>\n-0.17<\/td>\n-0.58%<\/td>\n<\/tr>\n
V<\/td>\nVISA INC.<\/td>\n238.17<\/td>\n+0.80<\/td>\n+0.34%<\/td>\n<\/tr>\n