2017 Cards Lending Millennials 
PYMNTS
APRIL 5, 2019
In 2006, 44 percent of tappable equity came from homeownerships with credit scores of 780; in 2017, the share had increased to 53 percent. And here is the kicker: “Much of the corresponding decline in share came from homeowners under 45, whose share of equity declined from 24 percent in 2006 to 14 percent in 2017.”.
PYMNTS
SEPTEMBER 18, 2018
And in lending, with the financial crisis in the rearview mirror, a decade on, invention – okay, innovation – has become a hallmark, at least in some corners. But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Mortgages and Credit Cards and Student Debt…. Mortgages ?
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Jeff For Banks
APRIL 4, 2024
Consumer Demographics and Changing Customer Demands Remember all the pre-pandemic talk about millennials? You couldn't go to a conference without every presenter having millennial this or millennial that on their slide decks. Now the oldest millennial is 43 (see table by Statista).
PYMNTS
OCTOBER 8, 2018
Sixty-one percent of small businesses said they use commercial credit cards , a year-over-year decrease from 2017’s 71 percent. At the same time, more than two-fifths of survey respondents agreed that cash flow management is a daily concern, while more millennials said it’s a concern compared to their older peers.
PYMNTS
APRIL 12, 2019
When Honeyfi got off the ground in 2017, it had a pretty simple idea. That means some of the couples on the platform — no matter how long down the path a partnership is — will also want to have some private separate accounts like credit cards or lending products. Plus, he noted, desire for privacy is individual.
PYMNTS
FEBRUARY 20, 2018
have already used an online alternative lending platform. Its 2017 U.S. Small Business Payments and Banking Survey also found millennial small business owners are twice as likely than their older peers to have used an alternative funding solution (48 percent compared to 25 percent for business owners 35 and older).
PYMNTS
MAY 23, 2017
trillion at the end of the first quarter of 2017, up $473 billion from a year ago and $50 billion above the previous 2008 record. The household debt of 2017 is somewhat different than its 2008 equivalent, since the figures are not adjusted for inflation, wage increases or population size. household debt hit $12.73 The Debt Realigned.
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