PYMNTS

AUGUST 7, 2020

It also analyzes why younger investors like millennials have remained reticent to invest and how the health crisis could affect this generation’s spending and saving habits, especially as legacy disbursement methods such as paper checks continue to fall out of favor. Millennials have been hit especially hard, with one study finding that 5.6

Millennials 159

Millennials Report Industry Study 159

PYMNTS

FEBRUARY 10, 2020

On Facebook , for example, Reynolds does a weekly campaign to show off unusual and creative uses for its products (did you know Reynolds aluminum foil can be used to clean the grill?). Moving On Millennials . However, the focus among millennials is particularly strong. All customers want convenience, of course.

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Millennials Innovation Groups Marketing 181

PYMNTS

AUGUST 26, 2019

Retailers looking to engage tech-savvy millennials and Gen Z consumers are quickly doubling down on their efforts to offer more visual content and enhance the discoverability of their products and services. A survey conducted last year found that 62 percent of millennials prefer visual search over other search methods.

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Millennials Retail Tools social media 185

PYMNTS

MARCH 29, 2019

The European Commission, for example, is expressing concerns over the lukewarm reception toward its TARGET instant payment settlement (TIPS) system. In this month’s feature story, Lee explained how these instant payment apps are fast becoming table stakes for recruiting and retaining employees — millennial and Gen Z workers in particular.

Millennials 178

Millennials How To Mobile System 178

PYMNTS

NOVEMBER 1, 2019

As in past reports, we collected data from consumers of all ages, incomes and shopping habits, but there were two groups in particular whose behavior caught our attention this year: bridge millennials and super-connected consumers. Bridge millennials are a bit different, however. Bridge millennials engage in 14.1

Millennials 101

Millennials Groups Examples Technology 101

PYMNTS

NOVEMBER 1, 2019

As in past reports, we collected data from consumers of all ages, incomes and shopping habits, but there were two groups in particular whose behavior caught our attention this year: bridge millennials and super-connected consumers. Bridge millennials are a bit different, however. Bridge millennials engage in 14.1

Millennials 100

Millennials Groups Examples Technology 100

PYMNTS

FEBRUARY 4, 2020

Older “ bridge millennials ” led the way when it comes to living within one’s means by showing a clear preference for debit products. Recent research shows that mobile wallets are more likely to have debit cards loaded than credit, tracking with popularity among millennials even more than Gen Yers. Safe, but Not Immune.

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Millennials Fraud ATM Cards 131

PYMNTS

JANUARY 10, 2020

They want convenient booking tools, fast payment methods and secure reservations when planning their trips, and these needs have not changed much as millennials have come of age. Millennials and younger generations are digitally minded and want to interact with brands that can answer their personal requests through online and mobile channels.

Millennials 131

Millennials social media Mobile Payments 131

PYMNTS

SEPTEMBER 11, 2018

Is there a secret sauce for merchants to capture the evolving millennial? One formula that offers engaging consumer experiences, and doesn’t insult the intelligence of millennials, is a combination of private-label debit and rewards or loyalty programs. Reaching Millennials. However, millennials care about more than price.

Millennials 115

Millennials Mobile Branding Samsung 115

PYMNTS

APRIL 6, 2019

Because the millennial art buyers are arriving – and what they buy, how they buy it and how they relate to it is very different than prior generations. The Simpsons,” Dolls, Shoes – The Eclectic World of Millennials’ Collections. It wasn’t the only big sale for a KAWS piece that day – a millennial Chinese buyer dropped $2.6

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Millennials Marketing Trends New York 148

PYMNTS

APRIL 5, 2019

Against this backdrop, we find, then, that millennials do not embrace credit cards as readily as other groups of users. Bankrate has estimated that roughly 33 percent of millennials have cards. In one example, the apparel company Cotton On last year began offering installments via Afterpay.

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Millennials New York Fintech Cards 115

PYMNTS

AUGUST 23, 2017

Millennials get a bad rap for everything from being unable to commit to a job to jeopardizing the cereal market. But, here’s a bit of good news coming out of travel and expense management company Concur: Businesses that have millennials in their workforces may actually save money — at least when it comes to business travel.

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Millennials Policies Management Strategy 111

PYMNTS

AUGUST 15, 2018

43 percent : That is the amount of high-income millennials who said they would be more likely to visit a gas station if its app offered them convenience, loyalty and savings. And half of those high-income millennials said that about 74 percent of their gas purchases were made via mobile apps that encourage them to keep using apps to buy gas.

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Millennials Mobile Payments Groups 107

Abrigo

AUGUST 1, 2016

Everywhere you look, it seems, there are articles about Millennials: Millennial workers, Millennial customers, Millennial homeowners, Millennial voters. And banks and credit unions looking to grow business loan portfolios , especially, can benefit from insights into Millennial entrepreneurs.

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Millennials Survey Risk Management Groups 150

PYMNTS

JUNE 29, 2018

That bet could complicate, in a positive way, some of the general ideas out there about the preferences of millennial consumers. The integration of such tools is designed with those millennials in mind, part of the company’s effort to gain more revenue from a new generation of drivers. Winning Millennial Loyalty.

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Millennials social media Marketing Branding 101

PYMNTS

SEPTEMBER 29, 2020

We see millennial and Gen Z customers absolutely shopping, and the brands that deeply understand them are growing at faster rates than they have ever grown before,” Molnar said. For example, Purity’s Kostick noted that his firm’s makeup sales have gone down, but its orders for skin care products have doubled. Consider Consumers’ Needs.

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Millennials Retail Online Branding 251

PYMNTS

JUNE 14, 2018

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.

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Millennials Branding Mobile Apple 118

PYMNTS

SEPTEMBER 5, 2016

The Hispanic Millennial Project has found some patterns in the use of mobile payments technologies among this demographic. 2) said the research initiative revealed that Hispanic millennials, those aged 18–34, are embracing mobile payments technology. For example, foreign-born Hispanic millennials are more interested than their U.S.-born

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Millennials Mobile Apple Study 100

PYMNTS

OCTOBER 20, 2016

19) released a report, dubbed “Millennial Study: Privacy vs. Customer Experience,” which charts the digital consumer preferences and behaviors of millennials in seven global markets — the U.S., Germany, Hong Kong, Malaysia, Mexico and Brazil — and found millennials are guarded about sharing their personal data.

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Millennials Study Data Customer Experience 100

PYMNTS

OCTOBER 10, 2018

Target is rolling out a new discount brand, dubbed Smartly, intended to appeal to millennials. A bar of unscented soap, for example, includes messaging to indicate that it “smells like, well, nothing” and disposable plates carry the message “no dishes tonight.” The packaging, too, is simple and clean. The Business Model Of Generics.

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Millennials Branding Training Retail 133

PYMNTS

JULY 13, 2018

It has made the millennial generation of women — either entering or settling into their prime spending years — something of a unique class of citizens when it comes to financial services. Millennial women are evolving into very [a] different relationship with money,” said Reilly. I think we are at a tipping point.

Millennials 111

Millennials Tools Connecticut Study 111

PYMNTS

MAY 6, 2016

Last year, researchers confirmed that millennials are now the largest demographic of the U.S. From the BYOD and enterprise mobility movements, to changing habits in how millennials apply for their jobs in the first place, a younger workforce presents knock-on effects for the entire corporation. Take, for instance, payroll.

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Millennials Mobile Survey Meeting 100

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.

Millennials 100

Millennials social media Boston New York City 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

Millennials 100

Millennials Mobile social media US 100

PYMNTS

JUNE 21, 2018

The old model of opening a retail store with merchandise as a main focus of the space may not appeal to today’s consumers – millennials in particular. The Neighborhood Goods store slated to open this fall in Plano, Texas, for example, will have a bar and restaurant in the center of its space.

Millennials 109

Millennials Fort Worth Los Angeles San Francisco 109

PYMNTS

OCTOBER 28, 2016

Despite t he National Retail Federation reporting that grocery stores topped the “hot list” of retailers for the year , supermarkets are having a tricky time luring millennials into bringing a basket or cart down the aisles. Walmart, for example, closed more than 150 stores this year.

Millennials 100

Millennials Retail Google Groups 100

PYMNTS

DECEMBER 14, 2020

Consumers who are spending more time at home and becoming less mobile are doing away with many of the connected devices they once used to support their on-the-go lifestyles, with eReaders and activity trackers being two prominent examples. Devices such as these, which are designed to accommodate a single function, have become less common.

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Millennials Report Examples Groups 278

PYMNTS

SEPTEMBER 11, 2019

As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. In other examples, in Hong Kong, Ping An will be launching a digital bank within the next several months. As we noted in this space earlier in the summer, using apps to bank is markedly being embraced by the younger generation.

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Digital Banking Millennials Mobile Regulation 160

PYMNTS

DECEMBER 3, 2020

Yet, the two most connected consumer groups — bridge millennials and superconnected consumers — have changed their habits the most. Both bridge millennials and superconnected consumers own more connected devices than the average consumer and are considered to be on the cutting edge of digital adoption.

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Millennials Groups Study Retail 211

PYMNTS

MAY 15, 2018

CO-OP Financial Services , for example, recently launched a new feature for Sprig , the company’s mobile banking solution. Embracing Tech Change to Win Over Millennials. Several credit unions and their partners are also rolling out solutions aimed at improving members’ mobile experiences. You can’t be afraid of it.

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Millennials Innovation Report Mobile 110

PYMNTS

NOVEMBER 17, 2017

For example, that figure includes a full 30 percent of Americans who don’t carry or use a credit card at all. Among millennials, that number drops below 30 percent. Millennials don’t have credit cards because they don’t have FICO scores, or at least not the kind of FICO scores that inspire issuers. “If to be exact).

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Millennials Cards Lending Payments 104

Gonzobanker

OCTOBER 17, 2024

Six in 10 Gen Zers and millennials, half of Gen Xers, and a third of baby boomers said they’ve received recommendations for at least one of eight financial products. For example, 25% said they’d want a recommendation from ChatGPT for a credit card—and the percentages go down from there. from millennials and 3.9 ranging from 3.6

Apple 154

Apple Examples Tools Analysis 154

PYMNTS

JUNE 15, 2018

In one latest example, beyond U.S. One early target audience lies with millennials. The opportunity that lies in front of the company comes, Shaw said, as “the current insurance system does not speak ‘millennial,’” noting that these consumers “seek clarity at the optimum level of convenience.”

Millennials 115

Millennials Industry Technology United States 115

PYMNTS

SEPTEMBER 30, 2020

Luxury retailers are also targeting millennial and Generation Z consumers to expand their customer bases, with one report showing that millennials accounted for 35 percent of high-end retail purchases, for example. Australia-based installment payment provider Afterpay , for example, has seen its revenues hit $3.8

Payments 279

Payments Millennials Retail Trends 279

PYMNTS

JANUARY 28, 2021

Nearly 36 percent of CU members said they are “very” or “extremely” interested in using P2P payments, for example, yet only 25 percent said they are familiar with them. PYMNTS’ research indicates that millennials (ages 23 to 39) and bridge millennials (ages 30 to 40) have the greatest interest in P2P payment use, for example.

Innovation 187

Innovation Millennials Payments Mobile 187

PYMNTS

JANUARY 12, 2021

Housing loan applications in the European Union recovered in Q3 after a significant dip earlier in the year, for example, with banks seeing such applications rise 31 percent. Instant Payments and the Millennial Push. The crisis has also increased consumers’ demand for loans in several categories.

Millennials 239

Millennials Payments Lending Study 239

MyBankTracker

NOVEMBER 13, 2020

The COVID-19 pandemic has added to the money challenges faced by millennials in particular. Millennials are old enough to have financial responsibilities without having had much time to build financial stability. The survey found that the pandemic added to the financial challenges that millennials face. Key Findings.

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Millennials Survey Study Marketing 52