Remove 2008 Remove Millennials Remove Taxes
article thumbnail

The Coming Millennial FinTech Crisis

PYMNTS

While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. It’s a fact. population.

article thumbnail

America’s Expanding Debt Footprint (And What It Really Means)

PYMNTS

By quite a lot, American household debt is currently on pace to be $1 trillion above the peak debt level of 2008 by the end of this month. ” When one steps back, he noted, and looks at the total picture for 2018, it is notably different from 2008 in many regards. That figure has been increasing at a 3.4 A Different Economy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

article thumbnail

Opening Up Mortgages For Gig Workers

PYMNTS

Gig workers have gone from a sliver of the economy to a bonafide force, powered by platforms like Uber , Lyft and Fiverr , not to mention a generation of millennials who had the misfortune of entering the workforce during the Great Recession and resultant unemployment wave. That’s the bad news. Fixing an Over Correction.

Taxes 167
article thumbnail

AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

This is a frugal generation [millennials] that realizes that a mortgage with tax payments and insurance included is still much lower than paying rent, especially in desirable markets. Those older millennials between the ages of 30 and 40 have earning power, are well-educated and are settling into more stable careers.

article thumbnail

Brandless: Procter & Gamble For A Digital Generation?

PYMNTS

Ever since the financial crisis in 2008, when shopping, consumers haven’t been looking for name brands; they’ve been looking for deals. Offering a smaller shopping selection — so far, just a couple of hundred essential items — helps keep costs even lower, but the biggest savings factor comes from the elimination of the “Brand Tax.”

Branding 100
article thumbnail

How About Profits in the Branch of the Future?

Jeff For Banks

Malls are experiencing difficulty in the United States, as millennials opt for smaller, urban environments to shop. This phenomenon is largely attributable to the 2008 recession and the ensuing drop in loan demand which allowed thrifts to run off their high rate CDs. mBank’s light branch depicted above is located in a mall.