To get a sense of how different spending is for my generation than for my parents’ generation, just consider one simple transaction: a utility bill. When my parents paid their utility bill, they had to take out their checkbook, put pen to paper, write a check and then record it in their checkbook. If they didn’t know how much their utility bill was, they had to be willfully ignorant. My utility bill is paid automatically from my banking app. For me to know how much my utility bill is, I have to be willfully diligent.

Source: Wall Street Journal March 25, 2019 02:03 UTC