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Millennials Are Facing Their Second ‘Once-in-a-Lifetime’ Financial Crash

PYMNTS

The data on millennials’ lifetime earnings potential were already fairly grim long before the word “coronavirus” became part of everyone’s daily conversations – and before the U.S. A 2016 paper led by Stanford University Economist Raj Chetty found that millennials were in deeper economic trouble than a quick look at the U.S.

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Millennials Are Driving One Of The Biggest Trends In Wealth Tech

CB Insights

Sudden volatility has shaken the markets and the state of wealth management. Find out what’s ahead for traditional wealth managers and wealth tech startups. Millennials stand to inherit approximately $30T from their parents, the baby boomers, in the coming decades, and both upstarts and advisors are vying for a piece of the pie.

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Paycards Aim To Take Down Their Bad Rep

PYMNTS

PayCard’s senior vice president, told PYMNTS that the overall trend for paycards has been a positive one, with momentum seen since 2009 and initial periods of education necessary for business owners. Mobile functionality is an important part of daily financial management, and apps are finding increasing adoption.

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Good News from Gen Next

Independent Banker

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. This is really the moment for community banks to show that they’re a fit for millennials. By Ed Avis.

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How Something Navy Became Nordstrom’s First Influencer-Created Private-Label Brand

PYMNTS

Charnas, based on a tip from her sister, decided to start a fashion blog in 2009. Today, throwing digital marketing dollars at influencers seems like such a common and obvious move for a brand trying to tap into millennial consumers that it’s barely a news event at this point. The relationship did not last.

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Good News from Gen Next

Independent Banker

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. This is really the moment for community banks to show that they’re a fit for millennials. By Ed Avis.

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Reseller Market Maintains Momentum With Nordstrom’s Entry

PYMNTS

It also manages resale programs for Arc’teryx, Eileen Fisher, Patagonia, REI and Taylor Stitch. Founded in 2009, thredUP has processed more than 100 million pieces of clothing in the past decade, according to its president, Anthony Marino. Logistics are being handled by Yerdle.