What the generation gap looks like via Venmo
Earlier today, the staff over at Quartz was having a (hilarious) conversation about the new person-to-person payment app Venmo. It turns out the over 30 crowd in the office had a hard time wrapping their heads around the idea of an app where people share how they handle their finances (a traditionally touchy and private subject) — and the sub-30 crowd explained how their friends will even use the app to joke or brag about how they spend their money.
heatherlandy 11:52 AM
omg, it’s not bad enough that i have to know that the girl i used to sit next to in social studies just took her 4-year-old to the dentist, now i have to know that one of you paid your roommate for the phone bill???
people, you are just GIVING your privacy away! about sensitive things like money! we all need to have a big talk soon…
The conversation is a modern glimpse into how millennials prioritize their privacy, their money, and their use of social media. All in all, the perspective on all three seems to be that our connection with them can be casual, and that nothing is really private anymore anyways.
Personally, as a sub-30 representative, maybe I trust Venmo too much with my bank account information, but the convenience of it trumps everything else (not to mention it’s more reliable, cheaper, faster, and more user-friendly than PayPal). How else would I pay back my roommate for last week’s Chinese takeout??
Images from Quartz: the editorial chat room (with +30s underlined and -30s not underlined for distinction), and a transaction from person to person for “Being my friend.” Select to enlarge.