article thumbnail

China’s Millennials Willing To Take On Debt

PYMNTS

Along with being largely more tech-savvy, educated and affluent than previous generations, Chinese millennials were also raised in a time of relative stability and affluence in the nation. By then, Chinese millennials could account for about 53 percent of total consumption spending. Chinese millennials are taking on debt 18.5

article thumbnail

Study: Virus Has Sent Most Adult Children To Live At Home

PYMNTS

Census Bureau data by the Pew Research Center, a nonpartisan think tank, found COVID-19 has caused millions of Americans, especially young adults, to move in with family. One-third of millennials have been laid off due to the COVID-19, and another 42 percent said their pay has been cut, researchers reported. An analysis of U.S

Study 131
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Connected Car: An Extension Of The Consumer’s Home

PYMNTS

It’s Boston. It’s February (or maybe it’s May, because it’s still snowing in Boston). The Available Data. The data is out there, said the executive, with unprecedented access to drive patterns, the number of fill-ups that a consumer conducts in a given period of time and other buying behaviors. Picture this. It’s snowing.

article thumbnail

Mobile Payments: Samsung To Tackle Africa And Google The App Landscape

PYMNTS

Passport has designed similar mobile applications for the transportation systems in Chicago, Toronto and Boston. Millennials Eschew Bank Mobile Wallets. The study found that both millennials and non-millennials want to use mobile to manage finances, and cash is becoming less important to both groups.

Samsung 100
article thumbnail

Amid Blockchain And Robotics Hype, Corporate Lenders Still Start With The Cloud

PYMNTS

According to a recent survey from the Boston Consulting Group (BCG), profits among the world’s corporate banking institutions is significantly declining – but digitization could halt that trend. Analysts say the tangible benefits of digitization and a happier end user are clear. According to Glover, that means banks in the U.S.

article thumbnail

12 Industries Experts Say Millennials Are Killing — And Why They’re Wrong

CB Insights

Every few weeks, another story about the dreaded generation surfaces: millennials are killing casual dining; millennials are killing breakfast cereal; millennials are killing home ownership. Download our Food & Beverage Trends report for a data-driven look at the future of food. Millennials are in debt.

article thumbnail

The Stats of Summer

PYMNTS

Spring is about renewal, the holiday season is about family and friends, and later winter (in Boston, anyway) is filled with the gnawing anxiety that it might never ever get above 40 degrees Fahrenheit again. First, the data is old and needs some updating. And preferably data that is fun. Because data is fun. On Vacation.