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Survey Finds Financial Stress High Among Millennials, Gen Z

PYMNTS

While younger people in the millennial and Gen Z age groups report high levels of stress in a recent survey, the COVID-19 pandemic is not necessarily the main reason for that, CNBC reports. That decline was matched by Gen Z respondents. But finances are a particular point of concern for both generations.

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Wealthfront Raises $75M for its Millennial-Facing Investment Platform

Bank Innovation

Automated investing platform Wealthfront has just closed a $75 million round of funding, which will be used to build out its millennial-focused platform, the company announced yesterday.

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The Millennial Real Estate Boom Beckons?

PYMNTS

Demand will be robust, the report said, and with low rates, rising rents and “the ever-expending Millennial population” all contributing to that demand. The data show that millennials’ share of mortgage originations will pass 50 percent this spring — outnumbering boomers and Gen X’ers.

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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.

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Millennial Entrepreneurs’ Optimism Is Booming — Here’s Their Top Concern

PYMNTS

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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Millennials Make Big Push For B2B Personalization

PYMNTS

It said that 70 percent or more of millennials are involved in B2B buying decisions. “As Oyster Insurance, an insurance technology company, recently expanded operations into California, where it aims to support small businesses and startups with workers’ compensation services. B2B Gets Younger.

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Millennials May Step In When Baby Boomers Sell Their Small Businesses

PYMNTS

In a news article for Forbes , Jason Duff, CEO of COMSTOR Outdoor, which provides advertising and media solutions to other businesses, said baby boomers are selling their companies to millennial entrepreneurs — and that’s a good thing. Local real estate brokers, Duff added, can also be a key source of this information.