survey<\/a> of 1,000 American consumers released last month, and conducted by Forbes Advisor and OnePoll in November.<\/p>\nAround 86% of people who use peer-to-peer payment apps agree that anything under $5 is petty and should not be requested.<\/p>\n
Nevertheless, \u201cpeople in my life are asking each other to Venmo them smaller and smaller amounts of money, like $2 to $6,\u201d said Maddy Cunningham, 23, of South Philadelphia, who writes product copy for a clothing and shoe company. \u201cIt\u2019s especially true for people out of college, trying to find jobs.<\/p>\n
\u201cWith inflation up, every penny counts, especially when you\u2019re living on your own with student-loan payments due.\u201d<\/p>\n
Some 25% of users of peer-to-peer payment apps say they deal with a \u201cVenmo Vulture\u201d in their life, repeatedly nickel-and-diming them with small payment requests, according to the survey.<\/p>\n
It also shows that 38% of young adult users say they\u2019ve been charged a \u201cpetty\u201d amount by a fellow bill-splitter.<\/p>\n
That was everyday reality for Andrew Nemroff after he graduated from college a few years back.<\/p>\n
\u201cFriends of mine, they\u2019d get kind of pushy,\u201d said Nemroff, 29, a mortgage lender from Fishtown. \u201cThey\u2019d send reminders out on Venmo saying, \u2018You ate a slice of my pizza and now you owe me $5.\u2019\u201d<\/p>\n
It\u2019s \u201cabsolutely\u201d true that people \u201care certainly less willing to be laissez-faire about letting small debts slide and making sure they get paid,\u201d said Robert Watson, 24, who serves as the graduate student government president at the University of Pennsylvania, where he studies both law and education policy.<\/p>\n
\u201cIn graduate school, financial circumstances are often turbulent for a lot of folks,\u201d said Watson, from Louisville, Ky. \u201cMyself, I\u2019m a proponent of giving people time to pay.\u201d<\/p>\n
As it happens, even people living on the margins might not ask for a $4 repayment for an expense during good times, said Samuel Rosen, a professor of finance at Temple University\u2019s Fox School of Business.<\/p>\n
\u201cBut put a cash-strapped person in a recession, and it\u2019s likely they would ask.\u201d<\/p>\n
Ultimately, the term \u201cVenmo Vulture\u201d can seem a bit harsh to some, who simply believe it\u2019s not unreasonable to seek reimbursement for cash outlays.<\/p>\n
After all, a little debt collection just might restore balance to the universe.<\/p>\n
Genevieve McCormack, a 46-year-old attorney from Haverford, said Venmo serves a useful purpose.<\/p>\n
\u201cI <\/b>went on a girls\u2019 trip with college roommates,\u201d she said. \u201cOn the app, you can see who hadn\u2019t paid their expenses.\u201d Even without anyone being called out, the app turned out to be \u201ca good use of peer pressure.\u201d<\/p>\n
Eventually, McCormack said, \u201cthey all paid. And everyone was happy.\u201d<\/p>\n<\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"See them circling? Feel their gaze? The \u201cVenmo Vultures\u201d are out there \u2014 and they want their money. Say your pal laid out the cash for your latte at the place near the thing where you went that time. Your share came to $4. Not long ago, your ol\u2019 buddy would have channeled their inner …<\/p>\n","protected":false},"author":1,"featured_media":48019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/48018"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=48018"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/48018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/48019"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=48018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=48018"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=48018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}