Gen Yers came of age during one of the worst global financial crises, got saddled with a record amount of student debt, and are worse off than their parents were at the same age. So how are they managing the money they owe? And how have attitudes towards borrowing changed for this cohort?

Just in time for new year’s resolutions, news network Mic has launched The Payoff – a finance platform to help Gen Yers get a grip on their money. As digital channels continue to explore new ways of reaching coveted younger markets, talking about student debts and savings might pay off.

Putting money aside for a rainy day has always come more naturally to some than others. But new research suggests that attitudes towards saving may also be dictated by the year you were born in, with Gen Y emerging as the first generation to primarily save for financial freedom over retirement.

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.