A data-driven guide called “Digital Money for Seniors” explores key facts and challenges faced by the elderly in a world increasingly accustomed to digital banking.
The guide shares important insights such as:
· How the rapid move towards online banking and digital services risks leaving older people behind.
· The importance of digital inclusion and age-friendly banking to reliably meet the needs of the elderly.
· Great examples of industry initiatives that help teach and support seniors to use digital services.
· Useful tips and advice to offer help to elderly relatives or friends when using smartphones and the internet.
Research found that:
· 42% of over 75s (nearly two million people in England) weren’t using the internet and are still digitally excluded.
· 49% of people aged 55 and over said they weren’t confident using an app to apply for a credit card or loan.
· Bank branches and cashpoints (ATMs), relied upon by many seniors, are disappearing at a rapid rate across the UK.
For more information: https://www.comparethemarket.com/credit-cards/content/digital-money-for-seniors/
