PYMNTS

MARCH 13, 2017

As retailers across categories fawn over shares of millennial spending power, new insight from market research and analytics firm Slice Intelligence indicates that, in terms of apparel market sales, one online retailer appears to have already won the battle. percent in 2016. percent in 2016. Here are some of the key findings.

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PYMNTS

MAY 10, 2017

The millennial generation is often viewed as the entitled group of youngsters that believe everyone should get a participation trophy, while baby boomers are typically seen as more of a “pull yourself up by your own bootstraps” kind of generation. What makes this even worse is that millennial unemployment is an astounding 11.5

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Millennials Maine Groups Retail 135

PYMNTS

OCTOBER 15, 2020

India’s pay-later app Slice is introducing a no-fee Visa card that offers its Gen Z and millennial customers cash back and no-cost EMIs during festive sales. “We Payments startup Slice was founded in 2016 to cater to the financial needs of the Gen Z and millennial generations.

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PYMNTS

APRIL 27, 2017

Just as marketers started to get the hang of this newfangled “millennial” crowd, the next generation comes along to shake things up with different values, preferences and spending patterns. Some call them Generation Z, some call them post-millennials. But the real surprise here comes from post-millennial media viewing numbers.

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Millennials social media Survey Video 104

PYMNTS

MAY 23, 2018

For all the press about how millennials are the future of commerce, there is one big and rather problematic roadblock in that narrative. Millennials are kind of broke – and they might always be. While other generational groups also lost ground during the Great Recession, millennials as a group have largely missed the recovery.

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Millennials St. Louis Study Groups 109

PYMNTS

OCTOBER 30, 2017

As millennials continue to grow their presence in the small business (SMB) community, the dynamics of SMB finance are also changing. According to some experts , millennial small business owners no longer accept mediocre or sub-par services from their financial providers. million millennials now make up more than a quarter of the U.S.

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PYMNTS

MARCH 16, 2018

With marketers clamoring to attract the fleeting attention of millennial and Gen Z shoppers, the older demographic (roughly between the ages of 53 and 71) is often overlooked. Marshal Cohen, chief industry analyst for the NPD Group, told USA Today that advertisers are mistaken to put all their eggs in the millennial basket.

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Millennials Retail Mobile Branding 108

PYMNTS

DECEMBER 12, 2016

Along with being largely more tech-savvy, educated and affluent than previous generations, Chinese millennials were also raised in a time of relative stability and affluence in the nation. By then, Chinese millennials could account for about 53 percent of total consumption spending. Chinese millennials are taking on debt 18.5

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PYMNTS

OCTOBER 31, 2017

With 179 million Americans planning to celebrate, up from 171 million last year, sales are projected to surpass those of 2016, which itself set records. percent from 2016, and spending per household is expected to rise to $86.13 So, why are millennials so fascinated by a holiday that was once largely thought to be for children?

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Millennials Retail Los Angeles Survey 105

PYMNTS

NOVEMBER 15, 2018

And while one can reasonably infer that the $1,000 set is probably of a higher quality than the $50 set, food writer Sierra Tishgart realized that for consumers – particularly bridge millennials starting to buy homes, start families and equip kitchens – the world of cookware was something of a black box. Early to say.

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Millennials Branding How To Tools 122

PYMNTS

JANUARY 18, 2018

Sales of luxury goods in China are skyrocketing — up around 20 percent from 2016 — in its sharpest growth since 2011, as Chinese millennials seek products like handbags and cosmetics, Reuters reported. billion) in 2016 in a 20 percent increase from the prior year, Bain & Co said in a report on Wednesday.

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PYMNTS

FEBRUARY 7, 2017

While most millennials were brought up in the age of the computer, baby boomers can remember a time when they weren’t surrounded by technology. It’s a peculiar dichotomy to compare millennials to their parents’ generation, the baby boomers. percent, millennials (who are in part to blame for this) aren’t the main contributing factor.

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Millennials social media Boston New York City 100

PYMNTS

APRIL 6, 2016

Though it was their grandparents that gave rise to modern American consumer culture, millennials often get dinged for being too obsessed with having the latest and greatest gadgets. It’s not as if millennials are wiping their dirty hands on their ripped designer jeans, though.

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Millennials Georgia Washington Apple 100

PYMNTS

MARCH 4, 2017

Millennials as a generation are probably the most speculated and talked-about generation in human history. More seriously, millennials are increasingly viewed as a generation a bit in peril. Millennials Bowl. As it turns out, millennials love sriracha, yoga pants, Netflix, chilling, Snapchat and bowling. There are 75.4

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Millennials Mobile social media US 100

PYMNTS

APRIL 24, 2017

The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. Unfortunately for Amex, the signal is a bit too bright — and obvious — meaning millennials don’t like it nearly so much as the unassuming Chase Sapphire Reserve card. and yes, this looks like card data breach.

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Accenture

APRIL 26, 2017

As Figure 1 shows, while use of mobile banking services is surging, branch usage by all customers remains remarkably consistent year on year—and indeed in 2016 edged up to its highest level since this research began in 2010. Figure 1: How often do you use the following? (% Regular use)[1]. Figure 2: How often do you use the following?

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Millennials social media Innovation Study 277

PYMNTS

DECEMBER 29, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of …” eBook. Payments 2016: The Year Of “Hesitation”. Millennials (and I use this term with caution) aren’t very tolerant of “lame” technology.

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Payments eBook Industry Cards 108

PYMNTS

JANUARY 30, 2017

Walmart and Kohl’s both made big entrances in 2016 with their respective “Pay” services. Millennials — Target’s main user base — are also mobile payments’ most likely users. According to eMarketer data, about a third of millennial smartphone users will use mobile payments this year.

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Millennials Mobile Payments United States 100

PYMNTS

DECEMBER 26, 2016

There are just five more days until we can leave 2016 behind for good. As 2016 becomes history, we should take special care not to forget it — lest we have to hear about being doomed to repeat it (there’s always that one person). If there’s one thing that’s for certain, 2016 showed us that the gig economy is here to stay.

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Fraud US Data Payments 110

PYMNTS

DECEMBER 26, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Here is the response from Sarah Clark, general manager, identity, Mitek … Payments 2016: The Year Mobile, Biometrics And Trust Converged.

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Mobile Payments eBook User Experience 109

PYMNTS

SEPTEMBER 22, 2016

We take a look at some of the mobile news in 2016 to see what the holiday season and 2017 may have in store. And, according to Pew Research, millennials are the group most concerned about running out of data (and the group most likely to use a mobile phone for payments). Perhaps, if doing so is convenient and hassle-free.

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PYMNTS

OCTOBER 27, 2016

The survey also indicates that 40 percent of millennials will shop on mobile. They will also multitask their way through the season, as nearly 60 percent of millennials also reported they would do their holiday shopping while binge-watching TV.

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Millennials Mobile Survey Payments 100

PYMNTS

NOVEMBER 6, 2019

adults age 65 and older own smartphones — a significant jump from the 42 percent who owned them in 2016 and the 18 percent who did so in 2013. Generation X and baby boomers are increasingly smartphone-equipped and seeking fast, P2P mobile payments. A survey conducted earlier this year found 53 percent of U.S.

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Millennials Payments Cards Survey 107

Chris Skinner

FEBRUARY 8, 2017

Rival branch closures boost Handelsbanken UK Young, savvy and poor: millennial men ‘earn £12,500 less than previous generation by 30’ Mervyn King: MPs’ attitude made Brexit inevitable Why is Greece back in the headlines? Things we’re reading today include … Which bank branches is TSB going to close?

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Millennials US 150

PYMNTS

NOVEMBER 11, 2016

Mobile coupons are still popular, especially among millennials. According the to 2016 Purse String Survey done by Valassis earlier this year, more than 70 percent of consumers say they have looked for coupons or offers while in-store via their mobile device. For millennials, that number is 90 percent.

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Mobile Marketing Survey Marketing Strategies 188

PYMNTS

NOVEMBER 8, 2019

The company’s Financial Services Cloud, geared toward financial services companies, traces its genesis back to 2016. The millennial borrower,” Green told PYMNTS, “expects to be able to go as far as they can with self-service.

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Millennials Tools Lending Data 102

PYMNTS

DECEMBER 13, 2016

According to DynamicAction’s Retail Index: Holiday 2016 , retailers have increasing their promotions and offers by 52 percent this holiday season. As Generation Z begins to gain a foothold in the consumer-spending environment and millennials mature, their expectations are transforming the retail landscape,” Efros said. “In

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Retail Survey Millennials Training 100

PYMNTS

MARCH 2, 2018

Millennials are apparently reporting losing money to fraud more often than seniors. But when seniors do become financial victims, they typically take a bigger hit than millennials do, the Federal Trade Commission (FTC) said in a press release.

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PYMNTS

JUNE 22, 2020

Post-2009, millennials demonstrated a clear aversion to financial risk, especially for lifestyle purchases, resulting in a tangible shift away from credit cards. Wayfair has been offering flexible payments to customers since 2016. Today, this trend is repeating itself,” Nick Molnar , U.S. Retail Response Requested.

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Millennials Cards Examples Retail 151

PYMNTS

JUNE 5, 2018

Millennials are finally moving out of mom and dad’s house and creating their own households, which has increased demand in the housing market. In 2016, 32 percent of young adults were still living with their parents. At the same time, supply has taken a hit due to a shortage of skilled labor.

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Millennials Trends Management Marketing 177

CB Insights

SEPTEMBER 10, 2019

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.

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Millennials Mobile Lending Cards 77

PYMNTS

SEPTEMBER 21, 2018

With 179 million Americans planning to celebrate, up from 171 million the year before, sales were projected to surpass those of 2016. percent from 2016. compared to 2016’s $82.93. Just before the holiday, it was reported that spending on the occasion was expected to hit $9.1 billion, up 8.3

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National Retail Millennials Survey 126

PYMNTS

JANUARY 19, 2017

percent increase over 2016. According to eMarketer , it’s expected that younger generations in India will help drive the number of smartphone users in the country to 267.1 million this year, showing a drastic 19.5

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PYMNTS

MAY 25, 2018

TransUnion found that in 2016 — the most recent data available — almost 75 percent of millennials did not pay their medical bills in full. In 2014, 68 percent of millennials failed to pay the full amount of their medical bills, a sign that the problem is getting worse for those charged with recouping expenses.

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Technology Payments Millennials blockchain 166

PYMNTS

AUGUST 15, 2017

The growing popularity of mobile order-ahead is hardly news in the restaurant industry, where customers — especially millennials — crave the convenience, speed and personalization of a mobile ordering experience both in quick-service restaurants (QSRs), coffee shops and fast-casual dining environments.

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Mobile Millennials Survey Technology 193

PYMNTS

JANUARY 16, 2020

As the travel industry shifts into higher digital gear, and increasingly responds to the needs and desires of new consumer groups — millennials and Gen Z among them — some players are getting left behind and making their way into the history books. That’s the general case with travel search startup Hipmunk.

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Millennials Meeting Innovation Mobile 142

PYMNTS

APRIL 3, 2019

Do millennials cook? One study indicates that the answer is not really — millennials cook two fewer meals per week than their baby boomer counterparts and choose pre-packaged/pre-prepared foods 18 percent of the time, compared to 5 percent for baby boomers. But the data is a bit more complicated that this.

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