![Gen Z's Pockets Full of Cash](https://cdn.magzter.com/1367307635/1711021981/articles/acDeqLfLv1711090798510/GEN-ZS-POCKETS-FULL-OF-CASH.jpg)
GENERATION Z IS EMBRACING cash, despite digital money being the primary way of spending, saving and investing in 21st century life.
Some 69 percent of Gen Zers (born between 1997 and 2012) in the U.S. and U.K. were using cash more than they did in 2022, found a 2023 study by Harris Poll on behalf of CreditKarma and nearly a quarter (23 percent) are using it for the majority of their purchases.
The research checks out with the trend of keeping large amounts of cash at home rather than putting it in a bank account, checking or savings, which can be seen on social media. Using cash instead of card or online transactions has become increasingly popular on TikTok, with myriad accounts explaining how to do "cash stuffing."
The budgeting hack involves withdrawing money from your bank often in large amounts, such as an entire month's paycheck-and sorting it into envelopes or another system to keep at home. This way, budgeters have "buckets" of money for certain expenditures, such as eating out, clothes, holidays and so on.
"The idea is that once the money is gone from that envelope, you can no longer spend money on that bucket," Rod Griffin, senior director of consumer education and advocacy for Experian, told Newsweek.
While experts agree that the trend isn't new, it seems to have surged in popularity with the social media generation.
The TikTok page for Monets Money, which has 1.3 million likes and almost 70,000 followers, has dozens of videos on how to do cash stuffing, explainers on what you need to know about the trend and how to budget your monthly paycheck.
Another account, CDN Girl Cash Stuffer, demonstrates similar tactics for storing your cash and has in excess of 220,000 followers, with one of her cash-stuffing tutorials reaching 8.9 million views since April 2023.
Cash Stuffing-Good or Bad?
Bu hikaye Newsweek US dergisinin March 29 - April 05, 2024 (Double Issue) sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Newsweek US dergisinin March 29 - April 05, 2024 (Double Issue) sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
![Andrew McCarthy](https://reseuro.magzter.com/100x125/articles/3257/1754861/U12LtHy8Q1720178565468/ANDREW-MCCARTHY.jpg)
Andrew McCarthy
IN THE 1980S, A GROUP OF ACTORS CALLED THE \"BRAT PACK\" CAME TO define a generation.
![Welcomes the World](https://reseuro.magzter.com/100x125/articles/3257/1754861/aWl8dTDIa1720178423190/WELCOMES-THE-WORLD.jpg)
Welcomes the World
This summer's Paris Olympics finds a city embracing its role as host to drive innovation, investment and sustainable growth for the benefit of the French nation.
![Battle of the Sexless](https://reseuro.magzter.com/100x125/articles/3257/1754861/52P2j597I1720178320751/BATTLE-OF-THE-SEXLESS.jpg)
Battle of the Sexless
The Oscars could ditch best actor and actress awards for a gender-neutral category. Not everyone likes the idea
![Squid Gains](https://reseuro.magzter.com/100x125/articles/3257/1754861/0TWckAsCh1720177417786/SQUID-GAINS.jpg)
Squid Gains
Lee Jung-jae on moving from the cult Netflix hit to his first Englishspeaking role in Star Wars: The Acolyte
![AMERICA'S Greatest Workplaces 2024](https://reseuro.magzter.com/100x125/articles/3257/1754861/CJBISMFFo1720177007014/AMERICAS-GREATEST-WORKPLACES-2024.jpg)
AMERICA'S Greatest Workplaces 2024
COMPANIES THAT CREATE A GREAT WORKPLACE ARE MORE LIKELY TO HAVE ENGAGED workers who care about their jobs.
![IT'S ALL ABOUT PRIORITIES](https://reseuro.magzter.com/100x125/articles/3257/1754861/21U0GmBEH1720176409527/ITS-ALL-ABOUT-PRIORITIES.jpg)
IT'S ALL ABOUT PRIORITIES
THEY HAPPILY USE THE LABEL \"PRIORITIZERS.\"
!['It Has Taken a Devastating Toll'](https://reseuro.magzter.com/100x125/articles/3257/1754861/TcgZU8M3h1720175719469/IT-HAS-TAKEN-A-DEVASTATING-TOLL.jpg)
'It Has Taken a Devastating Toll'
Financial insecurity is causing a mental health crisis, with nearly two-thirds of Americans saying money matters cause them the most stress
![Biden's European Headache](https://reseuro.magzter.com/100x125/articles/3257/1747170/4FvQ8WOES1719562513315/BIDENS-EUROPEAN-HEADACHE.jpg)
Biden's European Headache
The right-wing surge in the EU elections could hamper the president's ambitions in Ukraine and play into the hands of his election rival, Donald Trump
![Lupita Nyong'o](https://reseuro.magzter.com/100x125/articles/3257/1747170/HHo7ByO2g1719568680966/LUPITA-NYONGO.jpg)
Lupita Nyong'o
THE TRAILER FOR A QUIET PLACE: DAY ONE (JUNE 28) SHOWS STAR LUPITA Nyong'o carrying a cat around moments before New York City is overtaken by aliens.
![AMERICA'S BEST SPECIALISTS & SURGEONS](https://reseuro.magzter.com/100x125/articles/3257/1731949/HkzEW3Pd41718360828089/AMERICAS-BEST-SPECIALISTS-SURGEONS.jpg)
AMERICA'S BEST SPECIALISTS & SURGEONS
FINDING THE BEST MEDICAL SPECIALIST IS A DAUNTING TASK for anyone requiring specific treatment.