2013 Cards Lending Millennials 
PYMNTS
MAY 29, 2019
billion in 2018, up from under $1 billion in 2013. Over the last year, we’ve worked aggressively to grow SoFi from a desktop lending business to a broad-based, mobile-first financial platform enabling members to borrow, save, spend, invest and protect their money,” said Anthony Noto, CEO of SoFi. percent annual percentage yield.
South State Correspondent
AUGUST 16, 2023
Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. We are seeing the lowest origination totals since 2013. Consumer Credit – Cards There is a shift of capital occurring to the prime tiers of cardholders. The number of cards in the wallet is almost a full card at just shy of 3.
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PYMNTS
MAY 23, 2017
The decline in debt between 2008 and 2013 was an aberration from what had been a 63-year upward trend reflecting the depth, duration and aftermath of the Great Recession. And the shift in mortgage lending mirrors a shift in the lending picture in general when it comes to who holds the majority of U.S. household debt.
PYMNTS
APRIL 4, 2019
The trend began to reverse in 2013 and household debt began to grow, albeit at a much slower rate that it had in the early aughts. The trend, according to the report, is visible in most major debt categories — particularly home and credit card lending. They make up 10.7 percent of household debt respectively.
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.
PYMNTS
APRIL 17, 2017
Not because he didn’t have a buyer, but because his buyer didn’t have that much cash— and McKelvey didn’t take credit cards. In 2013, Square Market offered its physical sellers — including those farmers market jam and jelly makers — the chance to go “omni” and expand their reach beyond their own local communities. The Bumpy Road.
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. Sixty-six percent have credit cards. Nearly 7 percent say they like and use credit cards regularly.
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