Consumers tap credit cards, loans to manage inflation: Fed report
Payments Dive
AUGUST 26, 2024
Gen Z and millennials were the age groups most likely to use loans and credit cards to respond to higher prices, a Federal Reserve research report said.
Groups Management Millennials 
One-fifth of consumers consider BNPL to stretch holiday budgets: survey
Payments Dive
OCTOBER 3, 2023
Millennials are the most willing age group to consider BNPL to manage holiday spending amid rising prices, according to a Square and Afterpay report.
Survey 
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By 2030 Millennials Will Have $20 Trillion In Wealth. Here’s What They Want In Robo-Advisors
Bank Innovation
JULY 27, 2018
Millennials are expected to have $20 trillion in wealth by 2030, according to a July 2018 CB Insights study. Marketing investment options and robo-advisors to this mobile-centric group will require a specific strategy. Currently, millennials’ combined financial assets come up to $4.5 trillion in wealth.
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277 AI/BOTS: AI Bank Tech And Millennials
PYMNTS
AUGUST 23, 2017
Having a malleable thought process when it comes to transforming an industry is something that banks will probably need in order to capture one of the arguably most influential up-and-coming group of consumers in the United States. Census, shared that the number of millennials (75.4 million) had surpassed that of baby boomers (74.9
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Millennials Are Facing Their Second ‘Once-in-a-Lifetime’ Financial Crash
PYMNTS
MAY 26, 2020
The data on millennials’ lifetime earnings potential were already fairly grim long before the word “coronavirus” became part of everyone’s daily conversations – and before the U.S. A 2016 paper led by Stanford University Economist Raj Chetty found that millennials were in deeper economic trouble than a quick look at the U.S.
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A Day In The Life Of The Bridge Millennial
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
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A Day In The Life Of The Bridge Millennial
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
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100 The Complexities Of Wooing Bridge Millennials
PYMNTS
OCTOBER 5, 2018
Crew, however, is not content to go down without a fight – and now under new management the brand has been making big changes as it tries to hit the reset button. The stated goal, according to new CEO Jim Brett – is for the brand to build back its audience particularly among millennial shoppers. You can’t be one price.
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The Retail Complexities Of Wooing Bridge Millennials
PYMNTS
OCTOBER 5, 2018
Now under new management, the brand has been making big changes as it tries to hit the reset button. The stated goal, according to new CEO Jim Brett, is for the brand to build back its audience, particularly among millennial shoppers. J.Crew , however, is not content to go down without a fight. You can’t be one price.
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Millennials Spend Less While On Business Trips
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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Debit Beats Credit With Bridge Millennials
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. Emerging trends in debit usage reveal lines of demarcation between various consumer groups and generational cohorts, along with deeply held beliefs about money that are just now coming into focus.
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Wall Street Investors Place Their Bets On Millennials
PYMNTS
APRIL 24, 2018
When it comes to stock market picks, Wall Street investors are placing their bets on the buying power of the millennial generation. With that in mind, John Khoury, founder and managing partner of the $2.7 Horton, which he believes should get a boost as more millennials become first-time homebuyers. homebuilder D.R. In fact, D.R.
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100 Millennial Entrepreneurs’ Optimism Is Booming — Here’s Their Top Concern
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.
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109 
Millennials Shun Credit Cards After Getting Denied
PYMNTS
OCTOBER 27, 2016
ID Analytics, a consumer risk management company, announced Wednesday (Oct. 26) new research that revealed over six out of 10 millennials declined for credit are not seen applying again for at least 12 months. A frequently referenced Bankrate.com study reported that 63 percent of millennials do not have a credit card.
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100 
Banks should know these 5 Traits of Millennial business owners
Abrigo
AUGUST 1, 2016
Everywhere you look, it seems, there are articles about Millennials: Millennial workers, Millennial customers, Millennial homeowners, Millennial voters. No doubt the group, which this year surpassed baby boomers as the largest segment of the U.S. population, will be important for bankers to understand.
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Baby Boomers Vs. Millennials: Home Renovations Edition
PYMNTS
MARCH 7, 2017
Recently Harvard University’s Joint Center for Housing Studies conducted a study titled Improving America’s Housing 2017: Demographic Change and The Remodeling Outlook that looked at the various types of home renovations and which of those are more popular among different age groups.
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109 
Number Of Millennial Households Expected To Soar Over Next 10 Years
PYMNTS
JUNE 29, 2016
A lot of millennials are still living at home with their parents, but as more and more of them begin moving out in the coming years, they could have a significant impact on both the housing and rental markets. So what will fuel this significant growth in new millennial households? That number hit 21.3
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How To Manage Millennials
Banking 2020
DECEMBER 15, 2014
Effectively leading millennials requires understanding the collective experiences, values and motivators that make this group “tick.” Millennials, generally defined as the demographic cohort born between 1982 and the early 2000s, will account for half of the American workforce by 2020. Be transparent. Make work feel like play.
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58 The Coming Millennial FinTech Crisis
PYMNTS
DECEMBER 19, 2016
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.
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Why Visa Is Starting A Conversation About Millennial Females and Money
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.
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Weddings, The Millennial Way? There’s A Marketplace For That
PYMNTS
AUGUST 6, 2019
Courtesy of the relationship and romance experts at PYMNTS, here is one of the few obvious statements that still manages to convey deep and eternal wisdom: Weddings are not for the fainthearted. All this new revenue is going from the cities where most millennials live to the countryside,” he said. An Idea is Born.
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Meeting Diversifying Wealth Management Needs in 2021
PopularBank
FEBRUARY 19, 2021
As we look to the year ahead, diversifying wealth management needs and client expectations continue to challenge financial consultants and advisors. The Great Wealth Transfer will continue to drive diversifying wealth management needs in 2021. By 2030, this group will be in control of more than $15 trillion of inherited wealth.
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Millennials Are Buying More Gift Cards Than Ever — For Themselves
PYMNTS
SEPTEMBER 8, 2016
Maybe millennials really are a self-centered bunch? Mercator Advisory Group surveyed 3,009 U.S. Still, Mercator Advisory Group did note that the number of men purchasing retailer-specific gift cards has “grown steadily” since the firm began tracking the number in 2013.
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100 
Number Of Millennial Households Expected To Soar Over Next 10 Years
PYMNTS
JUNE 29, 2016
A lot of millennials are still living at home with their parents, but as more and more of them begin moving out in the coming years, they could have a significant impact on both the housing and rental markets. So what will fuel this significant growth in new millennial households? That number hit 21.3
Millennials 101
101 From Investing To Budgeting, How Millennials Are Disrupting Personal Finance
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. Download the free report to find out how fintech is shaping the future of wealth management and investing. get the REPORT on next generation investors.
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77 Are you giving millennials what they want?
NCR
JULY 7, 2017
All banks are aware of the importance of catering to the needs of the millennial generation. But developing a clear idea of what a certain group of customers want, and then coming up with strategies to meet these expectations, is by no means an easy task. He told Venture Beat : “[Millennials] just want to live their lives.
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75 BJ’s On The Block, Amex’s Millennial Problem And Another Big Breach
PYMNTS
APRIL 24, 2017
The long-suffering team at American Express has a new headache to handle — losing the love of those millennial customers. And hackers have managed to hit about 1,200 InterContinental Hotel locations in the U.S. — InterContinental Hotel Group, the U.K.-based and yes, this looks like card data breach. Ready to jump in?
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OAK + FORT: Flexible-Payment Plans Boost Luxury Purchases
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 About The Tracker .
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Chime On Millennials And Mobile Banking – Will The Love Last?
PYMNTS
JUNE 15, 2016
When you talk to the co-founder and CEO of a mobile-first digital bank account offering, you are likely to hear that millennials, to put it lightly, are not fond of big banks. Whether it’s Chime or other apps, millennials are increasingly turning to their mobile devices to keep track of their financial health.
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Matchmaking Millennials To The Experiences They Desire
PYMNTS
MARCH 8, 2017
While millennials aspire to seek out meaningful experiences, they don’t necessarily have the spending power that enables them to do so. While on the other side of the coin, there are millennials who like to go out in groups, with budgets that may be more restricted but with time to go out more frequently.
Millennials 101
101 Vantiv Finds Millennial And Boomer Expectations Meet On Mobile
PYMNTS
APRIL 26, 2017
Living up to consumer expectations is difficult work these days for many reasons, not the least of which is that consumers are a fairly heterogeneous group of people with widely varying expectations. There has been a shift in behavior, and as the technology evolves to support it, millennials and boomers alike are keeping up with that.”.
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Why millennials still want free ATMs and branches
NCR
APRIL 18, 2017
Research has suggested that the answer to that question is a resounding ‘yes’, particularly among the millennial generation. As important as new technologies and digital convenience are, the concepts that millennials value most are freedom and choice. This is particularly true when it comes to their financial affairs.
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As P2P Payments Grow, More Consumer Groups Get Into The Mix
PYMNTS
NOVEMBER 4, 2019
bank account has access to Zelle in their mobile banking app,” Lou Anne Alexander, group president of payments solutions at Early Warning, said in a press release. Venmo was up 64 percent year on year, said management. The latter group had only slightly smaller ownership than the 96 percent of 18- to 29-year-olds who own smartphones.
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101 Look To Gen Z For More Retail Trend-Setting
PYMNTS
AUGUST 28, 2019
Forget millennials – well, at least for a moment. The items are sold in small quantities to catch the interest of Generation Z and millennial consumers who aren’t interested in buying in bulk. This group is also big on conversations, both online and offline: Engagement Labs finds that they drive 19 percent of purchases.
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Settling Into Sofas On Subscription
PYMNTS
JANUARY 15, 2020
Millennial consumers are a mobile group – according to data analysis by FiveThirtyEight , the average millennial makes 12 moves between moving out of their parents’ home at college graduation and buying their first home. Feather ’s core customer doesn’t much resemble that group.
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131 
The Great Subscription Race: How Walmart+ Stacks Up Against Amazon Prime
PYMNTS
NOVEMBER 17, 2020
It’s just that management didn’t have much in the way of hard figures or any big announcements about new additions to the platform. Moreover, demographics seem to make something of a difference in subscription enthusiasm, particularly among the highly coveted “bridge millennial” demographic. 17) were doubtless a little disappointed.
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190 New Data: U.S. Consumers And The ‘Everyday App’
PYMNTS
AUGUST 9, 2019
Nor is interest in everyday apps exclusive to any particular age group. These two groups were the second- and first-most likely age groups to express interest in using everyday apps, respectively. These two groups were the second- and first-most likely age groups to express interest in using everyday apps, respectively.
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155 
WEX Rides Fuel Business And Healthcare To Solid 2019 Earnings
PYMNTS
FEBRUARY 13, 2020
The Wex Health Cloud is the company’s cloud-based platform that helps companies manage healthcare benefits, HSAs and spending cards for consumer usage. For corporate travel, it has been encouraging partners to focus their offerings on millennials. Millennials will book directly at a rate of 63 percent. healthcare business.
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Millennials: What do they expect from their banks?
NCR
NOVEMBER 16, 2016
Millennials – the most important generation of the current era as far as most businesses are concerned. The interests, opinions and expectations of millennials have been shaped by some of the most seismic events of recent times, such as the internet boom and the 2008 financial crisis.
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3 Tips for Targeting Millennial Entrepreneurs
NCR
FEBRUARY 16, 2016
And there’s no better way to target Millennial entrepreneurs than with the technology they crave to help them in their business pursuits. More than any other generation, Millennials experience life, work and business through technology and they expect seamless interactions regardless of location.
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Banking for the Digital Generation: Attracting & Retaining Millennials
NCR
JUNE 29, 2016
Coming of age during the last recession and being subjected to the barrage of headlines about financial executives misbehaving, many Millennials are distrustful of established financial brands and institutions. are in the bottom 10 of the least loved brands by Millennials. are in the bottom 10 of the least loved brands by Millennials.
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AI’s Place In The $50B RV Market
PYMNTS
DECEMBER 11, 2019
Why Travel Firms Need To Cater To Millennial Payment Preferences. Millennials have a different take on travel than previous generations. This consumer group takes more trips than other generations, but takes longer to plan those trips as well. About The Playbook.
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Has the phone replaced the branch for millennials?
NCR
NOVEMBER 9, 2017
Smartphones have revolutionized how people across the world, in particular young adults, manage their finances. For example, 59 percent of millennials have made a peer-to-peer (P2P) digital payment via a mobile device, compared with just 34 per cent of adults across all age groups. Image: iStock/diego_cervo.
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Corporate T&E Adjusts To The ‘Bleisure’ Wave: Rydoo
PYMNTS
SEPTEMBER 18, 2018
The changes that tech-savvy workers have imposed on their employers’ travel and expense (T&E) policies and strategies go beyond adoption of expense management FinTech solutions, too. The Pew Research Center found millennials are already the largest generation group in the U.S. They are digital,” said Bogaert.
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