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Over 40% of Gen Z respondents avoid checking their bank account balances
Gen Z faces financial dependence with 52% not earning enough for their desired lifestyle
Earnings report was considered a win due to investment banking fees
Consumers are also cutting back on essential and nonessential spending to cover costs
Growth attributed to increased demand for convenient and flexible payment methods
Figures included 35% who believe they will never achieve financial security
Customer spending has continued to rise, while repayments decline
Trading revenue of US banks reached $15.6 billion
The majority of consumer and commercial credit cards will migrate to Visa by 2026
Over three-quarters of customers who received financial advice acted on it
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