Finance apps flew past 500 million mark in US downloads

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In 2021, mobile finance apps reached 573.1 million downloads in the US, up nearly 19% from 481.9 million in 2020.

Beyond the chart: The top types of finance apps varied widely by age. Gen Z was more likely to use money transfer services, cryptocurrency trading platforms, and neobanks. Meanwhile, Gen X and baby boomers leaned toward apps from traditional brokerages, banks, and insurance companies. Overall, younger consumers prefer platforms that move money quickly and easily, and that offer them financial flexibility when investing.

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