63% of 25-34 year olds said a money issue weighed on their mind in 2017, according to research from connected card provider Curve.

This is not for want of trying: the majority of millennials feel they already manage their finances effectively. However, 70% of 25-34 year olds aspire to improve and fix their finances in 2018.

At the same time, while they may be comfortable sharing hobbies and activities online, over half (51%) of this age group admit that they avoid discussing money worries with family or friends, in contrast to just 20% of those aged over 65.

“Millennials are commonly characterised as a gilded generation who have been handed everything”, said Shachar Bialick, founder and CEO of Curve. “Our research suggests that this is far from the case, young people are sensible, savvy, but also suffer from anxiety about their money, far more than the baby boomers who raised them.”

Younger generations are far more receptive to new financial products, cards and apps. Nearly half (48%) of young people aged 25-34 said that they are interested in trying new cards and apps that help them to budget and save money more effectively – 3x more than older generations.

The Curve research also highlights the rise of the first ‘multi-banked’ generation, with 25-34-year olds most open to using two or more banking providers (46% were actively interested).

Bialick added: “This research gives us a glimpse of the future, where managing money is quicker, easier and more responsive than ever. Everyone will do their banking differently in future and the rise of the ‘multi-banked’ highlights the need for an ‘operating system for money’. We need one platform to keep things simple, the way Spotify does for music and Netflix does for movies.”