Survey: Consumers Slow to Adopt Mobile Money-Management Apps, Says Survey

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Most Americans are not using smartphones or even websites to keep track of their personal finances, according to a new survey.

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Only 1 in 4 use apps for financial management

In a survey of more than 1,100 respondents, 73% said they do not use a smartphone or tablet app to help them manage their money. And just over half (56%) said they do not use a website to manage their money, according to the survey conducted by, a credit card comparison website.

Survey Findings:

"With all the technology available to help Americans manage money on the go, it's surprising to see that very few are taking advantage of the tools at their disposal," says Charles Tran, founder of "Despite the fact that banks are constantly coming out with new apps, only 1 in 4 in our survey said they use apps for financial management."

Younger survey respondents are more likely to use apps to manage their money. The following age groups said they use apps in this way:

  •     33% of respondents 18-24
  •     25% of respondents 25-34
  •     31% of respondents 35-44
  •     11% of respondents 45-54
  •     11% of respondents 55-64

Respondents are more likely to use websites to manage their money than tablet or smartphone apps, but those who do are still in the minority. Just 44% of respondents said they use a website to help manage their money.

To read the full survey results, visit provides information on the credit issues, news, and trends facing Americans through proprietary market research and analysis. Visit our newsroom at to stay informed with credit card news, deals, reviews, and tips from

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Charles Tran
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