South State Correspondent

AUGUST 16, 2023

Even if your bank has limited consumer exposure, given that the consumer composes approximately 66% of the US economy, and, according to the yield curve and market pundits, we are all staring into a recession, paying close attention to consumer trends is critical. 1,000+ payments now are 15% of the market which is also a new development.

Trends 195

Trends Cards Capital Data 195

PYMNTS

NOVEMBER 4, 2016

We were curious, too, and collaborated with Hyperwallet to measure and size the market. percent of Americans in 2005. The Millennial Majority. You might know these folks as millennials, and they comprise only 23 percent of the non-gig workforce. Here are the seven “need to know” points that tell the story. Fast Growing.

Millennials 100

Millennials Survey Comparison Industry 100

PYMNTS

MARCH 23, 2018

Millennials across America singing “I’m a Toys R Us kid” in as solemn a fashion as possible this week are a testament to that. And fueling it all was the rise of television, where brands such as Mattel could market their toys directly to children — stoking the fires of demand. Toys R Us went public in 1978. Slow Decline Sets in.

US 122

US Industry Washington Millennials 122

PYMNTS

FEBRUARY 9, 2017

The first edition of the PYMNTS Gig Economy Index™ found that millennials typically change jobs four times within the first 10 years of graduation, compared to just two job changes in their parents’ generation. In 2005, an estimated 10.1 As much as one-third of workers in the current U.S. economy are engaged in short-term, ad hoc work.

Regional 100

Regional Comparison New York Millennials 100

PYMNTS

AUGUST 21, 2018

Six days later, The New York Times reported that Bear Stearns was dangling on the age of bankruptcy and a forced liquidation after it posted a 61 percent drop in net profits as a result of hedge fund losses in the subprime mortgage market. percent seen back in 2005. into a depression a la 1929. population — fare much worse.

US 100

US Millennials New York St. Louis 100

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. But a generation of borrowers who are lagging behind the market, and stalling out too early with one form of debt — that could be a reason for concern.

US 116

US New York Trends United States 116

PYMNTS

AUGUST 14, 2017

Take a look at this chart, which lays out grocery chain market share. Walmart has the largest market share at 14.2 In 2015, the tech media was gaga over Snap and its ability to corral the so-called most valuable eyeballs in media: the millennial. This one is particularly amusing. percent, the next biggest player is Kroger at 7.2

Innovation 109

Innovation Online Google Millennials 109

PYMNTS

FEBRUARY 16, 2017

Observing that there wasn’t an eco-conscious, conflict-free and affordable diamond option on the market spurred the creation of MiaDonna. AP: MiaDonna was founded in 2005 by Anna-Mieke Anderson, a mother who wanted an alternative to the cost and conflict associated with providing diamond jewelry to the consumer.

Portland 101

Portland Community Branding Retail 101

PYMNTS

MARCH 7, 2017

Since seemingly most people aren’t in a position to build a house from the ground up, which would be ideal, it’s reasonable to suggest that the home improvement market is a huge money-making industry. As we reported back in February, millennials are saddled with much more debt than baby boomers were at the same age.

Millennials 109

Millennials Study Groups Maine 109

PYMNTS

JULY 13, 2016

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. Minyard was founded back in 1932 and, at one point, operated more than 80 locations throughout the South. ” Layoffs.

California 100

California St. Louis Retail Branding 100

Fintech Labs Insights

DECEMBER 2, 2015

Matt Flake, president and CEO of Q2, said the “strategic” acquisition will help its customers “expand their reach, grow market share, and engage account holders.” ” Q2 Holdings was founded in 2005 and is headquartered in Austin, Texas.

Iowa 12

Iowa Austin Millennials Community Bank 12

PYMNTS

MARCH 12, 2020

The integration will be available in nine markets — Sweden, Norway, Finland, Denmark, Switzerland, Germany, Austria, Netherland and the United Kingdom — with the U.S., Founded in 2005 by Sebastian Siemiatkowski, Niklas Adalberth and Victor Jacobsson, Klarna pays merchants upfront and offers an alternative to credit cards.

Payments 143

Payments Millennials Cards Fintech 143

PYMNTS

JULY 11, 2016

All you millennials out there, ask your parents what they used to do as teenagers on Saturday afternoons. In 2005, Cyber Monday was more or less one of the official nods to the growing influence of the web as an important commerce channel. In 2005, online sales accounted for 2.3 Chances are they hung out at the mall.

Google 100

Google Mobile Apple Online 100

Tech and Finance

MARCH 7, 2016

Gaining strength in the jobs market and more bargaining power for workers point to higher paychecks, and we expect average year-over-year wage gains to reach 3.2% in October, it hadn’t been that low since October 1977–a time when many women weren’t included in the jobs market.”. went to a millennial.

US 28

US Millennials Survey Policies 28

CB Insights

OCTOBER 6, 2017

With the emergence of industry-specific AI, the effects of automation — initially felt in manufacturing — are seeping into retail sales, restaurants, e-commerce, marketing, and even software development. Outsize impact on the labor markets. The outsize impacts on the labor markets. How corporations are harnessing automation.

Software 69

Software Industry Retail United States 69

PYMNTS

JANUARY 7, 2019

And, yes, this likely sounds blasphemous from someone who’s been beating the mobile payments drum since 2005, well before the iPhone and the App Store changed how consumers, retailers and payments players all use mobile devices. Just three years later, its market share was sub-2 percent. Leave Mobile Payments, Embrace Ambient Commerce.

Mobile 205

Mobile Innovation Apple Study 205