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Consumer Credit Update for 2Q 2023

South State Correspondent

We should see a slight increase in production in 2025 and 2026 driven by lower rates. Capital rotation is to HELOCs and away from autos. Within autos, the capital rotation is for new cars over used cars. Consumer Credit – Cards There is a shift of capital occurring to the prime tiers of cardholders.

Trends 195
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Can Politicians Give The Global Sharing Economy A Boost?

PYMNTS

is down this year compared to 2017, particularly with millennials, and that baby boomers are now the new drivers of the movement.” In fact, it is expected to produce global revenue of $335 billion by 2025, up from $15 billion in 2015, according to one recent estimate.

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LendKey And Unlocking A Generation Of Borrowers For Small Banks And Credit Unions

PYMNTS

And that, Passione said, is an opportunity for lenders who, in the years since the Great Depression, have found themselves struggling to build relationships with millennial consumers and who have taken a sort of “chilly” outlook toward traditional financial institutions (FIs). Lenders who ignore this age group do so at their peril.”.

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Baby Boomers Vs. Millennials: Home Renovations Edition

PYMNTS

While home repair spending was at $220 billion in 2015, the research expects that figure to grow to approximately $270 billion by 2025. As to be expected, baby boomers and millennials were at different ends of the spectrum in terms of the types of houses bought, differences in improvement choices and amount of money spent on repairs.

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Deep Dive: Realizing AP Automation’s ROI

PYMNTS

The following Deep Dive outlines automation’s benefits, its potential ROI for implementing organizations and how these solutions can recruit millennial workers. . New Working Capital Optimization Opportunities . workforce by 2025. percent saying they would like to use these solutions to get access to automated order matching.

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Amazon Dumps Instacart For Whole Foods Deliveries — What’s Next?

PYMNTS

A growing group of consumers — particularly millennials and other young shoppers — are embracing connected grocery offerings. Online and mobile food sales are projected to have a 13 percent annual growth rate in 2018, with digital supermarket sales projected to reach $100 billion by 2025. billion in capital. households.

Retail 197
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11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

Instead, new millennial-inspired and tech-infused dining trends have been emerging across the US and internationally. Many of yesterday’s casual dining brands are dying, but not because millennials “don’t eat out.” Brick-and-mortar businesses have been hammered over the past decade — with the exception of one bright spot.