Source: American Forest & Paper Association, April 13, 2016
It’s tax season, and NerdWallet and Harris Poll has released a recent survey on how millennials cope with filing these dreaded forms and the result might just surprise you – they may prefer paper. Can you believe 17 percent of millennials took pen to paper and filed by mail? This is compared to only 8 percent in the 35 and older age range.
Perhaps this is simply a reflection of an outdated, overwhelming tax code that causes younger taxpayers to seek any and all alternative methods. But, considering how focused millennials are on leading an eco-friendly life on a global scale, this may be bigger than taxes.
Here are four reasons why Millennnials prefer paper, especially at tax time….
- It’s easier to open your mail to look at a statements/tax forms than it is to remember another password, download forms and review them.
- Computers can crash. If you haven’t saved your complicated and/or intimidating tax return recently, you’re at square one.
- As we’ve seen by some recent security hacks, personal information isn’t guaranteed to be safe online.
- Paper trail. It’s easier for me to keep paper documents together to be prepared for tax time than it is to search my email and log in to multiple websites to find the documents I need.
This new millennial economy may stretch the limits of technological change, but you can’t deny the power of a product that is reliable, consistent and sustainably made.