Sweden: millennials using digital devices for financial activities 2018| ��ƽ��

Usage of digital devices for financial activities among millennials in Sweden in 2018, by type of device and purpose

Characteristic	Smartphone	Tablet	Computer	Phone call	In real life
Balance	86%	0%	15%	0%	0%
Transfer between accounts	84%	0%	16%	0%	0%
Send/receive money (domestic)	83%	0%	17%	0%	0%
Statements	80%	0%	20%	0%	0%
Make a payment	72%	1%	21%	0%	5%
Line of credit	62%	7%	19%	2%	10%
Buy/sell stocks	56%	0%	44%	0%	0%
Bank deposit	47%	0%	23%	0%	30%
Send/receive money (international)	43%	0%	48%	0%	9%
Bank withdrawal	35%	0%	11%	0%	55%
Set up investments	33%	0%	59%	3%	4%
Find advisor	20%	0%	62%	10%	8%
Obtain insurance (home)	11%	2%	43%	41%	4%
Buy other insurance	11%	2%	48%	38%	1%
Claim other insurance	7%	0%	42%	48%	3%
Make insurance claim (home)	7%	3%	47%	45%	0%
House/apartment loan	4%	0%	9%	11%	76%
Car loan	1%	0%	38%	7%	54%
Deal with advisor	0%	0%	62%	9%	29%

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Release date

November 2018

More information

Region

Sweden

Survey time period

Q4 2017

Number of respondents

29 respondents

Age group

18-37

Method of interview

Questionnaire

Supplementary notes

Exceeding and missing percentage points to 100 percent are probably due to rounding.

Citation formats

In 2018, Swedish millennials primarily used their smartphone when taking care of financial activities. In detail, 86 percent of the respondents checked their balance on their mobile device, and 83 percent further used it to either send or receive money within the country. In terms of insurance, however, using a computer or making a phone call was more common among the generation. Furthermore, if the millennials were to apply for a home loan, 76 percent of the respondents would show up in person.