It may be hard to fathom but there are a number of college kids and young professionals who have never balanced their checkbooks. Some might not have ever even written their first check.
This isn’t because they don’t know how — but that they track their accounts online and/or do all the bulk of their purchasing with a credit card or a debit card. While society has not gone completely cashless as some pundits predicted, there is a lot less paper – dollar bills and checks – moving around these days. And a large part of this has to do with the influence of online shopping sites that accept payments online – the growing influence of which is being driven by younger consumers.