article thumbnail

Amex bets on millennials, Gen Z for growth

Payments Dive

As it pursues younger consumers, the company is angling to ensure its high-fee cards offer enough value for millennials and Gen Zers.

article thumbnail

Millennial credit card delinquencies rise: New York Fed

Payments Dive

Nearly 3% of millennials are newly delinquent as of the third quarter this year, slightly up from 2.5% in Q3 2019, according to a report from the Federal Reserve Bank of New York.

New York 418
Insiders

Sign Up for our Newsletter

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

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

Open Banking Is A Must for Millennials, Bankers Claim

Bank Innovation

It’s crucial for banks to start participating in the finance revolution, especially as millennials are on the hunt for open banking—at least, according to bankers. According to a survey of 300 banking officials, conducted by Marketforce and Earnix, developing open APIs is becoming more and more crucial to retaining customers.

article thumbnail

How to Attract Multiple Generations to Open New Accounts and Apply for Loans

How are Gen X, Millennials, and Gen Z defined? This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences. This includes: What happens when your products do not properly address each generational audience?

article thumbnail

Millennials Will Lead The Voice Commerce Revolution

PYMNTS

That’s especially true for bridge millennials, those 32- to 42-year-olds, entering the prime time of their spending years. But more notable than the uptick in connected commerce among the general consumer population is how much more strongly bridge millennials consumers have adopted voice assistants as a primary commerce mechanism.

article thumbnail

Millennials: STOP EATING AVOCADOS!!!

Chris Skinner

I’ve spotted a couple of interesting discussions about millennials and money in the last week, both of which say that the views on them are wrong. appeared first on Chris Skinner's blog.