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Banking on the next generation

What does the future of banking look like? This eBook uncovers young people's attitudes to money and what businesses should do to respond.

What does the future of banking look like? This eBook uncovers young people's attitudes to money and what businesses should do to respond.

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B A N K I N G O N T H E N E X T G E N E R A T I O N<br />

NON-MONETARY<br />

Reward doesn’t have to be m<strong>on</strong>etary. Can<br />

you align to Gen Z’s values and encourage<br />

<strong>the</strong>m to pass <strong>the</strong> reward <strong>on</strong> instead?<br />

Gen Z are a very passi<strong>on</strong>ate and aware<br />

generati<strong>on</strong> – <strong>the</strong>y have many<br />

c<strong>on</strong>cerns about <strong>the</strong> future of <strong>the</strong> world<br />

with <strong>the</strong> most important political issue<br />

being <strong>the</strong> envir<strong>on</strong>ment stated by 49%,<br />

as well as healthcare – particularly<br />

mental health – and equality (State of<br />

<strong>the</strong> Youth Nati<strong>on</strong>).<br />

Toms are a shoe brand, renowned for<br />

its One for One approach, in which <strong>the</strong><br />

brand d<strong>on</strong>ates a pair of shoes to a<br />

child in need for each pair of shoes<br />

purchased.<br />

WEEWOOD, a watch brand,<br />

understands Gen Z’s c<strong>on</strong>cerns about<br />

<strong>the</strong> future of <strong>the</strong> planet.<br />

They plant a tree for every watch<br />

purchased and have planted 442.246<br />

trees across <strong>the</strong> globe so far since<br />

<strong>the</strong> programme began in 2010.<br />

As a result, spending <strong>on</strong> fashi<strong>on</strong> – a<br />

seemingly unethical act – rewards<br />

Gen Z by making <strong>the</strong>m feel like <strong>the</strong>y<br />

are doing good for <strong>the</strong> world.<br />

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