article thumbnail

Millennials Pivot Toward Homeownership; Economic Ripple Effects Still Unknown

PYMNTS

It was only a few short years ago that the conventional wisdom was that millennials were shaping up to be slower entering the homebuying market than their Gen X siblings and baby boomer parents. Millennials are no longer holding back when it comes to homeownership. Things like homeownership. Today’s Buying Boom .

article thumbnail

Built For Speed: Millennials Drive Move To Faster Payments

PYMNTS

Seinfeld,” of course, lives on in reruns. That of course, leaves half of disbursements made through legacy payment methods, cumbersome and slow as they are. As to who’s getting instant payments and where they are getting those payments from, it’s the bridge millennials, the younger generations, right on down to Generation Z.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Report: Millennials, Buy Now Pay Later And The Shifting Dynamics Of Online Credit

PYMNTS

It has been suggested that millennials are averse to having and using credit cards. Millennials are in fact as likely as other generations to have credit cards, with nearly nine out of 10 having at least one card, according to PYMNTS’ latest research. percent of bridge millennials have used BNPL, close to double the average.

article thumbnail

Millennials Are Ready for the Bank of Amazon

Bank Innovation

11 survey from Accenture, millennial participants would consider parking their money with nontraditional institutions, and they picked winners. Attractive alt-banking contestants included Apple and Facebook, but it was Google, and of course, Amazon, Read More. Amazon wins, once again, at a game it didn’t even know it was playing.

article thumbnail

Reynolds CEO: Recreating Grocery’s Home Goods Aisle For The Millennial

PYMNTS

The driving consideration is convenience (a slow cooker liner means clean-up is an eight-second process instead of 15 minutes), which is particularly important as Reynolds is actively working to court the millennial market. Moving On Millennials . All customers want convenience, of course.

article thumbnail

Accounts Of Millennial Sobriety May Be Oversold

PYMNTS

Have millennials started starving a segment of commerce in a socially positive way? Added to the list of things millennials are killing — along with homeownership, the institution of marriage and diamond jewelry — is apparently alcohol. Folks in the millennial generation have maybe a better sense of balance. Data from U.S.

article thumbnail

Can a Mobile Lending App Save Millennial Credit Ratings?

Bank Innovation

Millennials hate credit — but a new service called Lenny is out to change that. Lenny is meant for mobile (of course) and launched today in California. It will reach Texas, Florida and New York in the next 10 to 12 months, according to the company, which claims that, in less than three Read More.