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Millennials May Never Financially Recover From The Great Recession

PYMNTS

For all the press about how millennials are the future of commerce, there is one big and rather problematic roadblock in that narrative. Millennials are kind of broke – and they might always be. That is the worrisome take-away from a new Federal Reserve Bank of St. Louis study titled “ A Lost Generation?

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The $70K Dent The Financial Crisis Put In The US Consumer’s Pocketbook

PYMNTS

Adding to the fun — consumers born in the 1980s to 1990s (aka millennials) that are widely counted as the future of economy — carry the highest debt load of any generation according to the Federal Reserve Bank of St. Sixty-six percent have credit cards. Nearly 7 percent say they like and use credit cards regularly.

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Chapter 11 Watch: Hockey Chain Put On Ice, California Livin’ Goes Bust In Hong Kong

PYMNTS

Brick-and-mortar retail will forever remember the day that Nintendo released Pokémon GO , a mobile game that has caused millions of millennials to suddenly discover outside again. Louis Business Journal is reporting that Missouri-based hockey equipment supply chain Total Hockey has filed for bankruptcy as of Wednesday (July 6).