Accenture

APRIL 26, 2017

As Figure 1 shows, while use of mobile banking services is surging, branch usage by all customers remains remarkably consistent year on year—and indeed in 2016 edged up to its highest level since this research began in 2010. 1-5] Source: UK findings of Accenture 2017 Global Banking Distribution & Marketing Consumer Study— Beyond Digital.

Millennials 233

Millennials social media Innovation Study 233

PYMNTS

MAY 13, 2017

Pew’s latest data indicates that more millennials are finishing college only to move back home, and once they’re in, they tend to stay around longer than their older siblings or parents did. Millennials Moving Home. And the number is on the rise within the millennial cohort — 12 percent of millennials were living at home in 2010.

Millennials 101

Millennials Survey Data Report 101

PYMNTS

AUGUST 16, 2018

Younger consumers are leading the way when it comes to online bill payments, with 61 percent of those payments coming from millennials. online bill payments made by consumers in 2016 were conducted via biller-direct sites, up from 62 percent in 2010. The rental industry could well be the next market to undergo that shift.

Industry 105

Industry Payments Online Boston 105

PYMNTS

SEPTEMBER 12, 2016

First and foremost, according to the study, millennials will be firmly in the driver’s seat by 2020 and making most of the retail decisions. In contrast, about 80 million millennials will be in their mid-to-late 30s by 2020 and still in the prime of their retail buying years. Retail shopping space in the U.S.

Retail 100

Retail Millennials Study social media 100

PYMNTS

AUGUST 2, 2016

Since 2010, footwear sales have grown at a higher rate than the rest of the apparel industry, growing at a compound annual growth rate (CAGR) of 6 percent from 2010 to 2015, compared to just 4 percent CAGR for the rest of the apparel industry, according to Euromonitor. billion increase in U.S. sales by 2020, according to Euromonitor.

Industry 100

Industry Charlotte social media Branding 100

PYMNTS

DECEMBER 28, 2018

There were plenty of tailwinds that pushed the segment forward: A strong economy, healthy consumer interest in credit and advances in credit scoring technology were all instrumental in pushing more consumers into the market, particularly in the first half of the year. According to the Federal Reserve , U.S. That amounts to $13.2

Millennials 145

Millennials Lending System Data 145

PYMNTS

SEPTEMBER 18, 2018

But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Much has been said about the wealth effect of those who held and hold stock market securities, and much has been written about income disparity. The rise of FinTech offers a bit of a prism through which to view those events.

Lending 148

Lending Innovation Fintech Cards 148

PYMNTS

JUNE 7, 2019

Forget millennials, that consumer segment that is blamed for the downfall of most everything while also being the target of many innovative efforts. The country’s annual Singles’ Day is a marketing event supposedly rooted in the pride that many Chinese consumers take in being single. Singles’ Day. It takes place on Nov.

Retail 133

Retail Millennials Online Innovation 133

PYMNTS

JANUARY 17, 2019

L’Occitane said the acquisition of the Elemis brand — which is popular with millennials and Generation X consumers — is intended to strengthen its global growth as it expands its market, particularly in Asia where high-end skincare is a rapidly growing area of interest and spend for consumers. billion euros ($2.5 billion-euro ($1.95

Branding 123

Branding Regional Retail New York 123

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 20, 2019

Customer-facing markets such as financial services and insurance have greatly benefited from real-time payments, and healthcare could be next. healthcare market, which is continuously at the center of debate regarding how to expand access and manage treatment costs. Frictions are rampant in the U.S.

Payments 111

Payments System Cards Marketing 111

Alex Jimenez

AUGUST 28, 2018

"Fintech is a dynamic segment at the intersection of the financial services and technology sectors where technology-focused start-ups and new market entrants innovate the products and services currently provided by the traditional financial services industry." -PwC in 2010 to $19B in 2015. $ PwC Fintech Report. Fintech Growth.

Fintech 40

Fintech Case Study Study Millennials 40

PYMNTS

FEBRUARY 16, 2018

Despite retail’s slump, the stock market did well in 2017. Consequently, some of Home Depot’s strength came from the overall strength of the market. Since it was real estate that had tanked the economy, the market more or less froze solid for all but the well-capitalized. However, Home Depot was hit especially hard.

Retail 101

Retail Training Atlanta Marketing 101

PYMNTS

AUGUST 26, 2016

While Snapchat is popular among Millennials, Facebook is steadfastly a Baby-Boomer favorite , so it looks like Apple is maximizing target market opportunity. A previous foray into social networking by Apple, Apple Ping, was introduced in 2010 and nixed by Tim Cook in 2012 when iTunes 7 was released.

Apple 100

Apple social media Retail Strategy 100

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. Temporary, contract, gig employment and job-hopping are fast becoming the new norm in the U.S.

Regional 100

Regional Comparison New York Millennials 100

PYMNTS

AUGUST 22, 2018

The company noted that its own industry, market and competitive positioning data comes from Bain & Company and a number of other third-party data sources. In citing some stats, the company said that the global market for luxury goods stood at $307 billion last year and should reach as much as $446 billion by 2025, per Bain.

Online 101

Online Retail Branding Data 101

PYMNTS

MARCH 2, 2020

The United States’ tight labor market exacerbates competitive tensions for such agencies, though. million in 2010 to 5.9 Speedy, direct-to-card wage disbursements may win more new hires over and help agencies retain their temporary work forces — despite the United States’ tight labor market. rose from 3.1 million by 2022.

Cards 130

Cards ATM United States Payments 130

CB Insights

SEPTEMBER 10, 2019

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

Millennials 77

Millennials Mobile Lending Cards 77

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

FEBRUARY 20, 2017

Whole Foods’ market cap was estimated at over $9.7 Costco stock was up as well for the week, hitting a high over $176 on Friday morning, with a market cap over $77 billion. and a market cap over €26 billion (over $27.6 Among age demographics, 66 percent of millennials interact with supermarkets on digital platforms.

social media 100

social media Virginia South Carolina North Carolina 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.

US 122

US Industry Washington Millennials 122

PYMNTS

JULY 23, 2018

May 2018’s household income numbers were up nearly 2 percent from last year, they say, due largely to increases in base compensation resulting from a tightening labor market. That sounds pretty good in a market in which wages are stagnating — with base comp rising at 0.5 Are the more than a third of U.S.

Cards 122

Cards Groups Report US 122

Banking 2020

FEBRUARY 25, 2015

There’s a slightly discordant note about all this—the focus is invariably on millennials, that bratty demographic known for its addiction to ease of use and instant gratification. But while staying on this never-ending pursuit of an elusive market, is there another that deserves more attention? It’s not a trivial issue.

Online 40

Online Millennials Video Technology 40

Perficient

MAY 17, 2022

The inevitable end of the chip shortage will expand the pool of vehicles to choose from and lower transaction prices as the market moves toward some semblance of normal. Delinquency rates are rising to levels not seen since the Great Recession, especially among Millennials and Gen Z. Up until now, it’s all good. Until it isn’t.

Strategy 294

Strategy Customer Experience Study Technology 294

Tefkin

JUNE 3, 2014

By automatically tracking indexes, they offer investors the possibility to obtain market performance at a lower cost than a typical managed funds. If the cumulative return of the past five years didn’t convince you that the stock market might be an OK place to be for a long-term investor, I’m not sure what else is going to.

Industry 42

Industry Management Innovation Analysis 42

PYMNTS

JUNE 15, 2019

What Expedia’s study actually says is that those consumers born after 2010 “may be young, but their ideas and opinions and are already influencing family travel decisions.”. And it is a win-in that market watchers say is driving the trend putting more travel destination picks into the hands of younger people.

Millennials 179

Millennials Hawaii social media Report 179

Fintech Labs Insights

MARCH 30, 2017

This millennial-focused app offers an easy way to help poor young, tech-savvy investors make the jump into the stock market. Acorns currently boasts 10 millennial-friendly brand partnerships, including Airbnb and Dollar Shave Club. Most likely, you’re already familiar with Acorns. Betterment.

Millennials 12

Millennials Tools Branding New York 12

Gonzobanker

DECEMBER 20, 2019

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. This was a terrific combination of two education-focused cooperatives across both Southern and Northern California markets. It’s early but it’ s a great entry to the market and our industry.

Idaho 148

Idaho Conference Data Marketing 148

CB Insights

SEPTEMBER 4, 2019

Popular media coverage of millennials often fixates on the industries the generation is allegedly killing and their supposed fiscal irresponsibility. Some industries benefiting from millennials’ increased spending power, such as travel, reflect well-worn Gen Y tropes like the general preference for “experiences” over things.

Millennials 78

Millennials Industry Branding social media 78

PYMNTS

AUGUST 27, 2018

Quarterly write-offs of bad credit card debt hit their high at nearly $19 billion in the first quarter of 2010 and fell to $5 billion in 2015. Move over millennials — there is a new generation of cool kids rising and getting ready to dominate shopping. But in the last three years, they have gone up to more than $8 billion.

Data 103

Data Cards Millennials Groups 103

PYMNTS

NOVEMBER 14, 2017

In 2010, digital lenders originated $249 million in unsecured personal loans, and by 2016 that number had grown ninety-fold. Online] loans resemble predatory loans in terms of the segment of the consumer market they serve and their impact on consumers’ finances,” the Cleveland Fed team concluded. The verdict?

Study 101

Study Lending Cleveland Online 101

MyBankTracker

JULY 21, 2020

stock market is the premier destination for investing opportunities. Meanwhile, some American investment firms market to international clients (and then again, some investment firms won’t work with people who aren’t American citizens). stock market. stock market, you certainly can. Conclusion.

Taxes 52

Taxes United States America Course 52

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

To put these numbers into perspective, estimates are that over a few years the Great Recession of 2007 – 2010 destroyed 8.7 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.

Software 69

Software Industry Retail United States 69

CB Insights

JULY 20, 2017

In the face of heightened startup activity, beauty corporates have become more aggressive in the private markets. L’Occitane is newer to private market investment than Unilever, but it also focuses on new distribution platforms. Product Trend 3: A Market of One: Personalized products. Corporate Activity and Patents.

Trends 28

Trends Branding social media San Francisco 28

PYMNTS

DECEMBER 11, 2017

That might not be a crazy assumption: Reports from Nielsen reveal that television viewership by that demographic has declined more than 40 percent since 2010 and is off 11 percent year over year for the older half of millennials aged 25 to 34. From “The Economics of Attention Markets” by David S. hours listening to AM/FM radio.

Millennials 109

Millennials Video Maine Operations 109

Fintech Labs Insights

FEBRUARY 23, 2017

Interest rates are projected to rise for the second time, millennials are starting to buy their first homes, and investors are looking to diversify out of the volatile stock market. Mortgagebot (acquired by D+H in 2011) ( FF 2010 demo ). In the U.S., there are a handful of reasons 2017 will be favorable to real estate.

Fintech 28

Fintech Lending Regulation Millennials 28