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Survey: COVID-19’s Financial Effect on Millennials

MyBankTracker

The COVID-19 pandemic has added to the money challenges faced by millennials in particular. Millennials are old enough to have financial responsibilities without having had much time to build financial stability. The survey found that the pandemic added to the financial challenges that millennials face. Key Findings.

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Your next accounting client wants paperless, mobile services

Abrigo

Millennial business owners (which for this survey included owners younger than 39) overwhelmingly preferred paper-free accounting, at 78 percent. This makes sense, given the benefits of being able to access important financial information when you need it and the ease of searching and sharing documents online, the survey sponsor said.

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Managing Spend In A Sector Where Unplanned Expenses Are The Norm Issues

PYMNTS

Millennials have been at home in the global workforce for about a decade now, but Generation Z is starting to filter into offices, warehouses and work floors and bringing their fast payments expectations with them. How Business And Their Workers Can Avoid Frustrating Tax Mistakes. The Latest Workforce Spend Headlines.

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Deep Dive: Safeguarding B2B eCommerce And The Corporate Customer Experience

PYMNTS

Forty-four percent of 200 millennials surveyed last year stated they were wholly responsible for making purchasing decisions at the B2B companies at which they worked, and an additional 33 percent played some role in this process. The Sizable Online Fraud Threat. Vendors do not always find the transition to online selling to be easy.

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Amazon Pay’s Gauthier: No One Can Predict Retail’s Future, So Innovate Around What Won’t Change

PYMNTS

But nowadays, “every decision that we make — ‘Should I go to the grocery store or should I order my groceries online and then pick them up from the curb? Should I leverage the online capabilities?’ — taxes that budget,” Gauthier said. Should I send my kids to school or not? And that is where a lot of stress is created.”.

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Tr?v: Why Insurers Still Cling To The Paper Check

PYMNTS

Businesses can apply for these loans via the SBA’s online portal. government has made additional changes to help both businesses and consumers deal with the strains of COVID-19, by extending the deadline to file taxes to July 15. Fraudsters are moving in to take advantage of tax confusion and consumer stress, however.

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AltFin’s Bumpy Ride Into An Uncertain 2019

PYMNTS

These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. As millennials grew up and entered their 30s, the adults they became weren’t quite the people forecasted by analysts, according to the PYMNTS Connected Consumer Report.