How the digital world is turbo-charging change in our money habits

Each week the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's how smartphones are changing the way we handle our cash. Hosted by Frances Cook. <br /><br />We've all heard about how Covid-19 forced us to do years worth of digital adoption in just a few short weeks, and now, we've got some numbers on it. <br /><br />The Financial Services Council carries out regular research on what's happening with our money, and their just released report on the rise of digital investors is fascinating. <br /><br />Forty per cent of us are either already using, or planning to use, micro-investing DIY platforms like Sharesies, Hatch, or Stake. <br /><br />It's not just the young 'uns either, as there's a noticeable increase in DIY digital investing in all the age groups up until about 60, where it starts to taper off. <br /><br />There are downsides to this though, with plenty of people worrying if this new surge in online platforms leaves them exposed to privacy problems or cyber attacks. <br /><br />And frankly, when we've seen hackers go after the NZX and Waikato DHB, that's a fair concern. <br /><br />For the latest podcast I talked to Richard Klipin, CEO of the Financial Services Council. <br /><br />If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here <a href="https://www.facebook.com/FrancesCookJournalist/" rel="noopener">https://www.facebook.com/FrancesCookJournalist/</a> Instagram here <a href="https://www.instagram.com/francescooknz/" rel="noopener">https://www.instagram.com/francescooknz/</a> and Twitter here <a href="https://twitter.com/FrancesCook" rel="noopener">https://twitter.com/FrancesCook</a>