article thumbnail

By 2030 Millennials Will Have $20 Trillion In Wealth. Here’s What They Want In Robo-Advisors

Bank Innovation

Millennials are expected to have $20 trillion in wealth by 2030, according to a July 2018 CB Insights study. Currently, millennials’ combined financial assets come up to $4.5 Marketing investment options and robo-advisors to this mobile-centric group will require a specific strategy. trillion in wealth.

article thumbnail

Mobile Game Shows Offer Brands Prized Millennial Viewers

PYMNTS

Millennials are a force to be reckoned with, as they are made up of approximately 90 million individuals with significant spending power: By 2030, their aggregate annual income is projected to be more than $4 trillion. Attracting Millennials. Approximately 75 percent of Gravy’s users are millennials. Second Chances.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Cherry Home CEO: The Future Of Smart Homes And Independent Senior Living

PYMNTS

When talking about advances in home automation and artificial intelligence (AI)-guided systems for consumers, the conversation has a natural tendency to drift toward younger consumers, particularly millennials. By 2030, the Census estimates there will be 78 million Americans over the age of 65. that first drew Cherry to the segment.

article thumbnail

Seniors Help Drive Progress In The Digital Economy

PYMNTS

Younger consumers — millennials, Generation Z — seem to get all the focus when it comes to eCommerce and digital payments these days. By 2030, the Census estimates there will be 78 million Americans over the age of 65. Such a consumer segment is not insignificant. About 50 million Americans are over the age of 65, according the U.S.

Video 180
article thumbnail

Rebirth Of Malls: Anchor Stores To Become Destinations For Experiences

PYMNTS

The Millennials. Millennials have less money to spend on a new suit or dress at stores like Macy’s or Nordstrom as their parents live longer and may exhaust their savings. As a result, millennial children might inherit less wealth and face healthcare expenses for their parents. Or you can go see what they have.

article thumbnail

As baby boomers age, valuation professionals adapt to help close “value gap”

Abrigo

Written by Zeb Zilar, Project Lead, Sageworks Valuation Solution Baby boomers are hitting age 65 at a rate of 10,000 a day until 2030, according to the Pew Research Center. Even Millennial- and Generation X-owned businesses could be devalued. Another study showed that 65 percent of new business sellers in Q1 of 2014 were baby boomers.

article thumbnail

Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees

CB Insights

Fintech is often associated with digital tools targeted at tech-savvy millennials. They make up close to 25% of the total US population and are by far the wealthiest generation — and will continue to be so until at least 2030, according to a 2015 Deloitte study. . get the REPORT on next generation investors. Source: Deloitte.