The adoption of mobile banking in the United States increased consistently between December 2020 and May 2021. Distinguishing by generation, younger individuals displayed larger penetration rates than older. As of May 2021, 95 percent of targeted customers born after 1995 (Gen Z) used mobile banking. On the other hand, roughly one-quarter of senior individuals (born before 1946) used mobile banking.
Penetration rate of mobile banking in the United States as of December 2020 and May 2021, by generation
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Forbes. (July 29, 2021). Penetration rate of mobile banking in the United States as of December 2020 and May 2021, by generation [Graph]. In Statista. Retrieved May 02, 2024, from https://www.statista.com/statistics/1286124/mobile-banking-adoption-by-generation-usa/
Forbes. "Penetration rate of mobile banking in the United States as of December 2020 and May 2021, by generation." Chart. July 29, 2021. Statista. Accessed May 02, 2024. https://www.statista.com/statistics/1286124/mobile-banking-adoption-by-generation-usa/
Forbes. (2021). Penetration rate of mobile banking in the United States as of December 2020 and May 2021, by generation. Statista. Statista Inc.. Accessed: May 02, 2024. https://www.statista.com/statistics/1286124/mobile-banking-adoption-by-generation-usa/
Forbes. "Penetration Rate of Mobile Banking in The United States as of December 2020 and May 2021, by Generation." Statista, Statista Inc., 29 Jul 2021, https://www.statista.com/statistics/1286124/mobile-banking-adoption-by-generation-usa/
Forbes, Penetration rate of mobile banking in the United States as of December 2020 and May 2021, by generation Statista, https://www.statista.com/statistics/1286124/mobile-banking-adoption-by-generation-usa/ (last visited May 02, 2024)
Penetration rate of mobile banking in the United States as of December 2020 and May 2021, by generation [Graph], Forbes, July 29, 2021. [Online]. Available: https://www.statista.com/statistics/1286124/mobile-banking-adoption-by-generation-usa/