Following a drop in ticket sales, the operator of the UK's National Lottery is considering plans to offer a prize of £10,000-a-month for life. The idea behind the system is to attract a younger generation of players – those who want ongoing financial security rather than a single lump sum.

Americans are bad at saving, but considering that 57% of them play the lottery, it’s not due to a lack of money to save in the first place. The Long Game is a mobile app that wants people to feel excited at the prospect of building a nest egg in the same way they would when buying a lottery ticket.

American Gen Yers aren't great at budgeting – 42% have taken out payday loans or have pawned items in the last five years, and 11% go into their overdraft more than ten times annually. Start up Exeq wants to enourage them to make small changes to their lifestyles to spend smarter.

Young people's trust in financial services is at an all-time low; 71% of Gen Yers would rather visit their dentist than hear what banks have to say. But San Francisco-based Affirm is hoping that a transparent approach to lending can restore some faith in customers and show that credit isn’t all bad.