B
Evidence Grade B
Graded
accuracy verified by the review judge
Safe to Cite
Recent
56%
56% -- share using cards or phones for payments for UK 11-24 year olds (2025)
56% of 11 to 24-year-olds use cards or phones for payments.
Attribution:
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Lighthouse Research Team
Last verified:
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Source verified
Evidence graded
Value
56%
Unit
Percentage
Data Vintage
2025
Entity
Sample Size
300
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
95
Source Trust
60
Citation Chain
20
Independence
30
Methodology
45
Freshness
95
Source
University of Edinburgh Futures Institute (Compassion in Financial Services Hub) with Young Scot
Primary
Tier A
https://fintechly.com/financing/banks-face-youth-finance-gap-as-money-habits-go-digital-earlier/ ↗
Source Article
Youth Finance Gap: Why Banks Are Losing Gen Z Trust
Financial services firms are trying to build relationships with younger customers at a point when many are learning about money outside the banking system.
Only 3% of young people would go to a bank first for financial advice, while 49% feel uncomfortable engaging with traditional financial organisa…
Original Research
University of Edinburgh Futures Institute (Compassion in Financial Services Hub) with Young Scot
· Original study ↗
Methodology
Survey of 300 young people aged 11-24
Methodology documented
Segmentation
Industrymarketing
Cite this stat
Plain Text
UK 11-24 year olds: 56% share using cards or phones for payments. Source: University of Edinburgh Futures Institute (Compassion in Financial Services Hub) with Young Scot (2025). Via Lighthouse Intelligence -- https://lighthousedata.io/data/youth-cards-or-phones-payments-56pct
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<blockquote cite="https://lighthousedata.io/data/youth-cards-or-phones-payments-56pct" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>56%</strong> -- share using cards or phones for payments for UK 11-24 year olds<br><small>Source: University of Edinburgh Futures Institute (Compassion in Financial Services Hub) with Young Scot (2025) · <a href="https://lighthousedata.io/data/youth-cards-or-phones-payments-56pct" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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