More than half of people aged over 55 now use tech to better budget

More than half (51%) of people aged 55+ say apps now help them manage their money, dispelling the belief that tech is solely the reserve of younger generations.

In addition, over three-quarters (76%) say they would proactively manage their finances via an app or online portal if they were given the option by their bank or finance provider.

New research commissioned by debt resolution specialists, DCBL reveals that older generations are actively engaging with modern software to settle debts, with 84% of those aged 65+ saying that digital technology helps them feel in control of their money.