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How community banks can help young homebuyers

Independent Banker

As house prices skyrocket, student loan debt grows and wages stagnate, many Gen Zers and millennials are watching their homebuying dreams move out of reach. Younger millennials and Gen Z buyers—those born after 1980—represent 45% of the total homebuyer market. Chelsea State Bank hopes to hold additional seminars in the future.

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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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Are Millennials in Financial Crisis?

Filene

I had about $20K in student loan debt, $8K in credit card debt, a car note for $12K, monthly rent and utilities, and of course important things like eating to worry about. To help pay down my debt, I enrolled in a financial seminar at the local church and got a second job. How can your credit union meet the needs of millennials?

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Are Employers The Low-Dollar Lenders Of The Future?

PYMNTS

Fifty-one percent of employed adults continually carry credit card balances; 42 percent of millennials have student loans. In some cases, those loan programs are married to seminars and financial planning. The move comes as the American worker is facing leveled-up debt. and Zebit Inc. to help fund and service loans.

New York 100
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Listen Up: Best PYMNTS Podcasts Of 2018

PYMNTS

No, think of them as miniature seminars. Enjoy these little seminars about the world of payments and commerce, and review at your leisure. But easing the cross-border movement of money can, he said, foster “the ability to pay businesses or individuals overseas in an unbanked market — they want to get paid on a card or a cell phone.”