PYMNTS

APRIL 4, 2019

According to the report, between 2005 and 2010, mortgage debt represented 78 percent of total household debt; as of late 2018 mortgage debt accounts for only 71 percent of the total. The trend, according to the report, is visible in most major debt categories — particularly home and credit card lending. They make up 10.7

US 116

US New York Trends United States 116

South State Correspondent

AUGUST 16, 2023

Consumer Credit – Mortgage & HELOC Originations are down to the lowest level since 2005. Gen Z and Millennials are now using credit on their cards which was not seen before 2020. There are issues with Fair Lending around trying to mitigate this risk, so banks are cautioned to proceed with counsel and risk review.

Trends 195

Trends Cards Capital Data 195

PYMNTS

AUGUST 21, 2018

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. percent seen back in 2005. population — fare much worse. percent from 3.3 The new estimate surpasses the 6.5

US 100

US Millennials New York St. Louis 100

PYMNTS

DECEMBER 19, 2016

While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. It’s a fact. population.

Millennials 100

Millennials Fintech Cards Groups 100

FICO

APRIL 4, 2017

Our fascination with millennials and their like or dislike of credit continues to occupy its fair share of column inches – so much so that a while back I decided to take a look for myself. The real value of balances between 2005 and 2016 are both down by about 19% when compared to the overall movement in the retail price index.

Millennials 63

Millennials US Lending Groups 63