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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 .

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Top News In Payments: Millennials Spend Big On Black Friday; Goldman Investor Day To Focus On Growth Strategy

PYMNTS

In today’s top payments news, millennials — as well as bridge millennials — were big Black Friday spenders this year. Technology companies in China are reportedly framing facial recognition policies at the United Nations (UN). NEW DATA: Millennials Were Black Friday’s Big Spenders In 2019.

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Afterpay Teams With Simon Before Holiday Shopping Season

PYMNTS

To help merchants and promote Afterpay in-store payment services to individuals before the busy holiday shopping season, buy now, pay later (BNPL) firm Afterpay and Simon have announced a national collaboration. Millennial and Gen Z shoppers are focusing on sustainable and ethical fashion and retail more than before.

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Digital Banking, With Millennial, Mobile – And Governmental – Tailwinds

PYMNTS

As many as 72 percent of bridge millennials say mobile apps are important for accessing bank accounts. And at least some of those firms – Monzo among them – are applying for banking licenses in the United States. In addition, passporting can help companies expand services across nations.

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National Business Systems VP: For Some SMBs, It’s Still Wait-And-See On EMV

PYMNTS

After nearly three years, the transition to EMV in the United States still has its challenges. In an interview with PYMNTS, National Business Systems VP David Riley noted a lack of awareness in the field for smaller firms across several verticals. Millennials are traveling and leaving their credit cards at home.

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US New Home Sales Plummet As COVID-19 Hits Housing Market

PYMNTS

As COVID-19 started to impact the housing markets during a wind-down in mid-March, new home sales in the United States plummeted 15.4 Low mortgage rates and continued demand from the millennial generation should drive a rebound in housing activity later this year and into 2021,” Ayers predicted. Sales dropped a steep 41.5

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Outdoorsy Makes Happy Campers Out Of RV Owners And Renters

PYMNTS

“There is no Airbnb in Grand Canyon National Park. There's no Airbnb in Arches [National Park in Utah],” he said, noting that the average 8-day Outdoorsy RV rental was about 3.5 The millennials love mobility. And that’s just in the United States. There is no Hilton in Yosemite. times the average Airbnb stay.