Benny Nachman: October 29, 2020

PARENTING SURVEY FINDS AMERICAN SENTIMENTS ON CASH HAVE CHANGED DURING COVID-19

How a New Mobile App Can Be a Stepping-Stone to Children Learning Financial Literacy

 

Benny Nachman

Founder and CEO of Jassby

 

The way people conduct their financial transactions and the methods used to pay for goods and services has changed greatly over the years. As contactless payments become more optimal during the ongoing COVID-19 pandemic, it’s no surprise that virtual payments are seeing a huge surge.  A recent survey of parents conducted by Jassby explored how American families are spending, the effects of COVID-19 and future insight into how families make purchases. 

SOME FINDINGS OF THE SURVEY:

  • COVID-19 has deeply changed the way families/parents are paying for purchases. Usage rates of cash have decreased between 18-50% across previous rates of spending prior to the pandemic.
  • Financial literacy is a big concern for parents. Over 72% of parents believed schools should add coursework to address the area.
  • Parents also had worries about their children’s online spending habits. 60% of the parent respondents were concerned about online scams, and 47% with the ability to over-spend.
  • New mobile apps now offer ways for parents to give their children allowance, a way for kids to conduct contactless transactions with that allowance with parental oversight all in one application.

 

On October 20, Founder and CEO of Jassby, Benny Nachman will be available to discuss the changing attitudes towards cash, the future of contactless transactions, and tools that can get your kids learning about financial literacy and managing their own money.

 

 

For more information, please visit: www.jassby.com

 

 

 

MORE ABOUT BENNY NACHMAN:

Benny Nachman is a serial entrepreneur with a proven track record in building a global bank with over 30 licenses all over the world. Managing hundreds of employees, thousands of merchants with over $7Bn in volume. Benny lives in Massachusetts with his wife and 2 boys ages 10 & 12.

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