Study: Compared to baby boomers, millennials are pretty careless about cybersecurity

There is a smarter way to approach study compared baby boomers, and it starts with knowing a few key details. This guide covers them, along with tips you can apply immediately.

Key Takeaways

• A whopping 82% of millennials said that they reuse passwords online, while 70% of baby boomers said they did the same, according to the study.
• About 46% of them believed that there were cybersecurity risks with applying social media while 63% of baby boomers agreed with the sentiment.
• Young adults were also less trustful of mobile banking, with 39% believing that it exposed them to being hacked.
• Worth noting: to arrive at the numbers, FirstData surveyed nearly 800 U.S. consumers about their security practices, including millennial behaviors toward identity theft and fraud.

Tips That Make a Difference

A recent study on young adults and technology reveals that millennials, generally thought to be more tech-saavy, are lax about cybersecurity and don’t take password protection as seriously as their parents. RELATED: A strong password isn’t enough: Here’s how to protect your online accounts Study: Young adults weak on password protection In the aftermath of the Equifax data breach, the research is a startling  reminder of the require for consumer education when it comes to cybersecurity.

When asked how they would react if their favorite retailer experienced a security breach, millennial respondents to the FirstData survey had this to say: 32%: I’d still shop there, but I’d only apply cash or my EMV (Europay, Mastercard, Visa)-enabled card.” 30%: I’d still shop there and wouldn’t change how I paid for my items. 30%: I’d still shop there, but I’d only apply cash.

Common Mistakes to Avoid

More importantly, meanwhile, 58% of young adults said that cyberattacks via online shopping were “highly likely” and 38% called the notion “somewhat likely.” RELATED: New security warning about chip credit cards Generations differ on social media security vulnerability A generational gap was most pronounced when it came to beliefs near social media safety. Only 45% of millennials believe that cyberattacks via social media were a concern.

But 53% of Generation Xers and 63% of baby boomers thought that hacking was a major issue on social media. Young adults also proved to be duly suspicious of strangers online.

Is Study Compared Baby Boomers Worth It?

Remember that most millennials (81%) said that they at no point open attachments from people they don’t know. And 79% said they don’t click links in emails from unknown individuals.

When it came to credit card security, 52% of millennials said that they had at least one of their credit or debit cards compromised. More than 50% of them said that after the incidents, they signed up for electronic notifications  to monitor their cards.

Where the Real Savings Hide

As a rule, money expert Clark Howard advises healthy spending habits for young adults with credit cards. Three rules for applying credit cards responsibly Pay your balance off each month: No singular practice will increase your purchasing power more than faithfully paying off your balance by the end of the month.

Store credit cards are pretty bad: They don’t assist your credit much and are little more than vanity plates for merchants. Monitor your credit history: Take an active stake in your financial life by knowing your credit score.

A Closer Look at Study Compared Baby Boomers

In short, rELATED: Debit vs. credit: Pros, cons and protecting your money Protecting yourself online: The dos and don’ts of social media [anvplayer video=”4194259″ station=”998267″].

Frequently Asked Questions

How can I save money on study compared baby boomers?

Compare prices across a few retailers, look for active coupon codes, and time bigger buys around sales events. RELATED: A strong password isn’t enough: Here’s how to protect your online accounts Study: Young adults weak on password protection In the aftermath of the Equifax data breach, the research is a startling  reminder of th....

Is it worth shopping around for study compared baby boomers?

Usually yes. When asked how they would react if their favorite retailer experienced a security breach, millennial respondents to the FirstData survey had this to say: 32%: I’d still shop there, but I’d only apply cash or my EMV (Euro....

What should I check before buying?

Read the terms, confirm any code still works, and factor in shipping or returns. 30%: I’d still shop there, but I’d only apply cash.

Smart Ways to Save More on Study Compared Baby Boomers

• Compare the final price including shipping, not just the headline number.
• Check for student, military, or first order offers you may qualify for.
• Time non urgent purchases around major sale events for the deepest cuts.
• Leave items in your cart for a day; some stores send a follow up discount.
• Pair cashback with a coupon so you save twice on the same order.

Final Thoughts

The bottom line on study compared baby boomers: a little research goes a long way. Compare your options, watch for seasonal offers, and never pay full price when a better deal is a click away.

Originally published at clark.com.