The 'Lilly' Retirement Saving App Invests Cash-Back Rewards
Michael Hemsworth — May 13, 2022 — Business
References: lillyfunds & betalist
The 'Lilly' retirement saving app is a different kind of tool for consumers to incorporate into their retirement plan that puts savings on autopilot. The app works by being connected to any and investing the cash back rewards earned with every purchase into a high-earning portfolio. This makes use of money that the consumer would likely not notice they don't have access to and make it work for them rather than simply being absorbed into their purchases.
The 'Lilly' retirement saving app will also provide valuable insights into how the user is spending their money to make changes to their habits accordingly. The hands-off approach of the investment app makes it accessible for all consumers who might not have experience running a portfolio.
The 'Lilly' retirement saving app will also provide valuable insights into how the user is spending their money to make changes to their habits accordingly. The hands-off approach of the investment app makes it accessible for all consumers who might not have experience running a portfolio.
Trend Themes
1. Retirement Saving Apps - Apps that facilitate retirement savings through cash-back rewards investing.
2. Automated Investing - The use of algorithms to invest consumer's cash-back rewards automatically.
3. Insights-driven Tools - Retirement saving apps that offer users insights into their spending habits to make meaningful changes.
Industry Implications
1. Fintech - Financial technology companies specializing in apps to make financial planning easier and accessible.
2. Retail - Retail companies partnering with investment apps to offer cash-back rewards for retirement savings.
3. Personal Finance Consulting - Companies specializing in personal finance consulting can provide advisory services to individuals using retirement saving apps.
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