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Why have millennials stopped saving?

Banking 2020

Looking at this and other data from the study, the of sought-after millennial generation seems to be saving very little. Banking.com: Should banks and credit unions be alarmed by news that millennial savings is at a serious low? Why do you think millennials have stopped saving as much in past years? Absolutely!

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How To Manage Millennials

Banking 2020

Effectively leading millennials requires understanding the collective experiences, values and motivators that make this group “tick.” Millennials, generally defined as the demographic cohort born between 1982 and the early 2000s, will account for half of the American workforce by 2020. Be transparent. Make work feel like play.

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Mythbusters: Millennials and Their Finances

Banking 2020

Millennials are uninterested in their financial futures. According to a recent survey from iQuantifi , a virtual financial advisor, found that millennials actually think about the future of their finances. There is untapped demand for virtual financial advisers to help millennials set and achieve goals. Where they come up short?

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This Week’s Reads: Emoji Passwords, Millennials, Bank Branches

Banking 2020

World emoji day: How emoji passwords will obliterate PINs and make bank accounts safer: While a recent report found that 64% of millennials regularly community using only emoji , that doesn’t mean everyone is ready to communicate with their banks using emoji. Would you use emoji to log in to your mobile banking app?

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New Survey Finds Millennials are Unprepared for Retirement 

Banking 2020

Maybe it is this generation’s record-breaking student debt, or maybe it’s the trend of getting married much later in life, but millennials are known for putting off adult responsibilities. Across all generations, millennials are the least prepared but the most optimistic about the idea of saving for retirement.

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This Week’s Reads: Millennial Marketing and Security

Banking 2020

Stopping hackers is job one for bank CIOS: A recent survey of bank chief information officers and technology executives found that they’re realigning their focus to hone in on security issues. What have you been reading? Let us know in the comments section below or Tweet @bankingdotcom.

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This Week’s Reads: Security, Innovation, Millennials

Banking 2020

Banking’s 38mm and 42mm ‘Branch of the Future’: It has been awhile since something changed the financial services industry in a widely impactful manner, but smartwatches may be the next disruptor. Millennials: Are they really that different?: