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

FEBRUARY 4, 2020

By the end of 2020 four in 10 shoppers worldwide will belong to Gen Z, the consumer group born more or less between 1996 and 2010. A bit younger than their millennial siblings and cousins, they’ve grown up totally mobile, and have idiosyncrasies that make them unique.

Millennials 130

Millennials Fraud Groups Payments 130

PYMNTS

MARCH 30, 2020

The study found that 52 percent of Gen Z respondents and 41 percent of millennial respondents reported an interest in using debit cards for most of their transactions. Merchants accepting debit payments before 2010 were stuck routing the transactions over whichever networks were associated with their customers’ cards.

Cards 165

Cards Security cryptocurrency Payments 165

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. Another online bill payment trend is a move away from banks for those transactions.

Industry 105

Industry Payments Online Boston 105

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. Figure 1: How often do you use the following? (% Regular use)[1]. And what are customers using branches for?

Millennials 233

Millennials social media Innovation Study 233

PYMNTS

MAY 23, 2017

percent in the first quarter of the year, a pick-up from Q4 but well below the 2010 high of 8.7 percent default rate in late 2010. Which leads to the bigger overall concern: the millennial borrower. Debt at least 90 days past due was 3.4 percent of those loans have fallen 90 days or more overdue, an increase over the 3.3

Millennials 108

Millennials Lending New York Trends 108

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. By 2010, Singles Day had grown to a $135 million annual event, which had some pretty significant logistical problems in keeping up with the demand.

Retail 133

Retail Millennials Online Innovation 133

Perficient

MAY 17, 2022

the long-term average of 3.44%), and nearly half are underwater – this marks the second-highest percentage since 2010 when delinquency rates reached 5.27% during the Great Recession. Delinquency rates are rising to levels not seen since the Great Recession, especially among Millennials and Gen Z. 1% of auto loans in the U.S.

Strategy 294

Strategy Customer Experience Study Technology 294

PYMNTS

DECEMBER 28, 2018

consumers owe roughly 26 percent of their annual income to debt, up from 22 percent in 2010. This is a frugal generation [millennials] that realizes that a mortgage with tax payments and insurance included is still much lower than paying rent, especially in desirable markets. According to the Federal Reserve , U.S. That amounts to $13.2

Millennials 145

Millennials Lending System Data 145

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

SEPTEMBER 18, 2018

At the peak of the crisis, the delinquency rate was 10 percent in 2010, as underwater mortgages and foreclosures hit the headlines. Now, tighter standards in the wake of Dodd-Frank’s 2010 passage helped get that down to about 4.3 Mortgages and Credit Cards and Student Debt…. Mortgages ? trillion at the peak of the financial crisis.

Lending 148

Lending Innovation Fintech Cards 148

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.

Industry 100

Industry Charlotte social media Branding 100

Alex Jimenez

AUGUST 28, 2018

Driven by rapid urbanization, strong demand from millennials and favorable regulations, the global fintech industry is at an inflection point and set to drive major digital transformation in the financial services industry. . in 2010 to $19B in 2015. $ PwC Fintech Report. Fintech Growth. Source: UBS. The Fintech Ecosystem.

Fintech 40

Fintech Case Study Study Millennials 40

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

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 The firm reported 1.3

Branding 123

Branding Regional Retail New York 123

FICO

MARCH 10, 2016

The percentage of high school seniors with driver’s licenses declined from 85% to 73% between 1996 and 2010, according to the AAA Foundation for Highway Safety. Federal data suggests that the decline has continued since 2010. Yet 70% of US zero-vehicle households earn less than $30,000 per year; thus economics is their key driver.

Survey 40

Survey Millennials Exercises New York 40

PYMNTS

MARCH 2, 2020

2019 had the slowest rate of spending growth since 2010, largely driven by Brexit uncertainty. There was also a rise in activism, largely driven by millennials and Gen Z who are demanding their voices be heard. Deloitte has also warned U.K. retailers that sustainability and purpose will be the key to winning customers.

Retail 132

Retail Marketing US Connecticut 132

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

NOVEMBER 20, 2019

They also deliver more seamless experiences that consumers — and millennials in particular — have come to expect. healthcare market saw a rise in high-deductible plans following the 2010 passage of the Affordable Care Act (ACA), shifting a greater share of out-of-pocket payments, such as deductibles and co-pays, onto patients.

Payments 111

Payments System Cards Marketing 111

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. million long-term jobs.

Regional 100

Regional Comparison New York Millennials 100

PYMNTS

DECEMBER 28, 2018

percent year-over-year gain, which the SpendingPulse report said was the best growth rate since 2010 — and which Sadove said was among the biggest increases in memory. Apparel booked a 7.9 One reason for that jump was the relatively cold weather in much of the country, which inspired consumers to buy such items as coats and boots, he said.

Retail 156

Retail Trends Course Online 156

NCR

NOVEMBER 6, 2017

Banks have spent a lot of time in the last few years trying to attract the attention of affluent millennial consumers – those born between the early 80s and mid-90s, who are currently an immensely attractive segment for financial institutions. Don’t mix them up with millennials.

Millennials 73

Millennials Study Groups Mobile 73

PYMNTS

MAY 14, 2018

Consumers – particularly millennials – are driving less and buying fewer cars; the age of the internal combustion engine is coming to an end in favor of electric vehicles; and, of course, vehicles as we know them are soon to be replaced by self-driving software platforms that we will call “cars” mostly out of nostalgia.

Millennials 101

Millennials Operations Mobile Cards 101

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. Mortgage (or housing) debt, the report noted, was an area of particular interest, since it was such a critical factor in unwinding the economy a decade ago.

US 116

US New York Trends United States 116

South State Correspondent

AUGUST 16, 2023

Gen Z and Millennials are now using credit on their cards which was not seen before 2020. Utilization has increased to 22% but materially below the 27% spike in 2010. Open to buy/credit strategy & closures – Due to usage patterns, this is an ideal time to clean up dormant/inactive cards. This is a potential red flag.

Trends 195

Trends Cards Capital Data 195

PYMNTS

FEBRUARY 16, 2018

It was, by all accounts, a good year — pushed by a strengthening economy, a warming eCommerce market and and an emerging generation of millennial homeowners suddenly in need of do-it-yourself home improvement supplies.

Retail 101

Retail Training Atlanta Marketing 101

Independent Banker

FEBRUARY 24, 2016

The quickness with which these Wall Street-driven nonbank lenders—variously called peer-to-peer, online marketplace or financial technology (FinTech) lenders—can fulfill borrowers’ requests has enabled alternative lending to double every year since 2010.

Community Bank 70

Community Bank Community Lending FDIC 70

PYMNTS

MARCH 2, 2020

million in 2010 to 5.9 Checks have been common in temporary staffing, but disbursements to reloadable debit cards are drawing new interest. The number of activated payroll cards in the U.S. rose from 3.1 million in 2017 and is expected to hit 8.4 million by 2022.

Cards 130

Cards ATM United States Payments 130

PYMNTS

AUGUST 22, 2018

If the 6 percent compound annual growth rate (CAGR) of the global market since 2010 for luxury goods is a decent clip, the online CAGR is a gallop at about 27 percent for the same period. Within that, how much is online? Citing Bain again, a fair chunk at 9 percent of the market, to rise to 25 percent by 2025.

Online 101

Online Retail Branding Data 101

PYMNTS

FEBRUARY 20, 2017

Launched in 2010, consumers use Shopkick’s mobile commerce and location-based app to collect points, browse deals and promotions and earn rewards. Among age demographics, 66 percent of millennials interact with supermarkets on digital platforms. Shopkick Grocery will allow consumers to earn rewards while grocery shopping. .”

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. The company did register for an initial public offering (IPO) in 2010, but the market stalled and sales continued to decline, leading the chain to withdraw its IPO registration in 2013.

US 122

US Industry Washington Millennials 122

PYMNTS

JANUARY 30, 2018

The new program, first launched in 2010, was a digital-only offer for customers with low-balance checking accounts. Cherny noted that while his firm serves all demographics of customers, millennials tend to be their largest audience. As of today, over 25K customers have made [the] switch from Bank of America to Aspiration.”.

America 109

America Maryland FDIC Millennials 109

NCR

OCTOBER 25, 2017

The study found more than four out of ten consumers (41 percent) now use mobile banking, compared with just seven percent in 2010. Younger consumers are even more enthusiastic adopters of the technology, with 69 percent of millennials using a smartphone or tablet for banking activities.

Mobile 45

Mobile ATM Study Online 45

PYMNTS

JULY 23, 2018

Or are the 27 percent of the population — those high-income Bridge Millennials and Gen X-ers with college degrees who are steps away from financial catastrophe — happy, even if they do report feeling more positive about the stability of their financial situation than they did this time a year ago? Are the more than a third of U.S. Today, U.S.

Cards 122

Cards Groups Report US 122

Fintech Labs Insights

OCTOBER 24, 2016

In addition to the update on Netverify, Jumio also shared the results of a survey it conducted with more than 700 millennials on their mobile banking preferences. ” Founded in 2010 and headquartered in Palo Alto, California, Jumio demonstrated Netverify at FinovateEurope 2015. .

Millennials 12

Millennials Survey Customer Experience Fraud 12

Tech and Finance

MARCH 7, 2016

Contrary to popular reports that millennials are mostly taking public transportation or using Uber so they can keep texting without interruption, S&P found they aren’t much different from previous generations, although somewhat fewer are getting drivers licenses, causing concern among auto manufacturers. went to a millennial.

US 28

US Millennials Survey Policies 28

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. The first Baby Boomer turned 65 more than four years ago; today, according to a 2010 U.S. It’s not a trivial issue. Consider the numbers.

Online 40

Online Millennials Video Technology 40