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

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Only 1 in 4 use apps for financial management

Los Angeles, CA (PRWEB) February 25, 2013

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 CreditDonkey.com, a credit card comparison website.

Survey Findings: http://www.creditdonkey.com/money-management-underused.html

"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 CreditDonkey.com. "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 http://www.creditdonkey.com/money-management-underused.html

CreditDonkey.com provides information on the credit issues, news, and trends facing Americans through proprietary market research and analysis. Visit our newsroom at http://www.creditdonkey.com/news.html to stay informed with credit card news, deals, reviews, and tips from CreditDonkey.com

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