INDUSTRY INSIGHTS YOUR PEERS ARE READING
Millennials are expected to have $20 trillion in wealth by 2030, according to a July 2018 CB Insights study. Currently, millennials’ combined financial assets come up to $4.5 MORE
News came this week, as noted across sites such as CNBC , that millennial homeownership has been creeping along. Bankrate polled 1,500 homeowners, and found that 63 percent of millennials say they have regrets about having bought the home they are in. MORE
The millennial generation is saving money—just not to leave the work force. The majority of millennials, at 63%, are saving towards their “desired lifestyle” rather than towards retirement goals, according to the Spring 2017 Merrill Edge Report by Bank of America, released on Friday. MORE
With millennials poised to outpace baby boomers as the largest generation and expected to represent 50 percent of the workforce by 2020, it’s more vital now than ever to prepare your millennial employees for the leadership roles ahead. MORE
Millennials have been unloading Tesla shares a week before the company revealed disappointing Q1 delivery numbers. Investments Amazon automotive Branding delivery ecommerce Millennials News q1 Shares stocks Tesla vehicle sales What's Hot MORE
Millennials are in the driver’s seat of innovation. But a new study from FIS, released this week, suggests that millennials are not as unique as many think — at least in terms of financial service preferences. DataBank Databank Mobile banking digital banking FIS millennial MORE
The stated goal, according to new CEO Jim Brett – is for the brand to build back its audience particularly among millennial shoppers. We believe the Bridge Millennial is the bellwether for how connected commerce will evolve over the next five to 10 years,” Webster wrote. “We MORE
Millennial women have the funds available to start investing, but are held back by a fear of beginning the process, as well as the typical reason most millennials aren’t investing: debt, a study released yesterday by loan provider SoFi found. MORE
Most of this funding (75%, according to figures, it released last week) went to millennial homebuyers, the majority of which were also first-time […]. MORE
But do millennials trust that digital currency more than traditional banks? The rising popularity of Initial Coin Offerings has put digital currency bitcoin more in the public eye, to say nothing of its skyrocketing valuation. Presently, a single bitcoin is worth just under $7,500. MORE
millennials), “plastic does not even have to be a card anymore; it means access to … schemes such as Visa and Mastercard, perhaps through mobile devices … they will get on that and stay on that.”. Payment Methods Featured News lost in transaction Millennials PaysafePlastic. MORE
The stated goal, according to new CEO Jim Brett, is for the brand to build back its audience, particularly among millennial shoppers. We believe the bridge millennial is the bellwether for how connected commerce will evolve over the next five to 10 years,” Webster wrote. “We MORE
Millennial investor habits were most strongly affected, the survey of more than 15,000 global investors […]. DataBank Databank Innovations Investing millennial investingThink the financial world has finally recovered from the 2008 crisis? Think again. MORE
In this month’s feature story, Lee explained how these instant payment apps are fast becoming table stakes for recruiting and retaining employees — millennial and Gen Z workers in particular. MORE
Have millennials started starving a segment of commerce in a socially positive way? Added to the list of things millennials are killing — along with homeownership, the institution of marriage and diamond jewelry — is apparently alcohol. MORE
As more millennials become adults and baby boomers pass on, these young adults will have larger purchasing power. Census, shared that the number of millennials (75.4 Given these figures, and varying degrees of purchasing power, and interest in trying out new technologies in everyday settings, millennials seem to have the upper hand. Millennials especially want to use technology that empowers them to better manage their lives,” Taylor said. MORE
It’s crucial for banks to start participating in the finance revolution, especially as millennials are on the hunt for open banking—at least, according to bankers. DataBank Databank Innovations Online Technology APIs open banking Financial Regulation millennial customers psd2 MORE
The millennial path of destruction allegedly continues, with those young consumers now taking blame for the decline in the popularity of canned tuna — a product that joins a casualty list that already includes diamonds and restaurants such as Applebee’s. MORE
A new report shows that millennials use Venmo more than they use ATMs as if there was any doubt that to this audience an app like Venmo is a prime method of payment. MORE
To get more millennials on board, the Bentonville, Arkansas-based retailer is rolling out offerings designed to attract younger, well-to-do consumes in urban areas. Jet.com is broadening its selection and rolling out same-day delivery in the Big Apple for kinds of items that millennials purportedly crave, like craft beer and local foods. Beyond carrying big brand products, Jet.com launched a private-label brand called Uniquely J last year to home in on the urban millennial crowd. MORE
One fourth of full-service millennial investors have either tried, or are actively using, a robo-advisory platform, according to a new study by J.D. The study suggests that millennials have now accumulated enough wealth to be in the “sweet spot” for engaging a wealth manager. MORE
Among the most influential drivers of retail change is a subset of consumers PYMNTS identifies as “ Bridge Millennials.” It also spends approximately $2,225 per year on retail purchases, which is more than $830 more than baby boomers and nearly $300 more than younger millennials. MORE
11 survey from Accenture, millennial participants would consider parking their money with nontraditional institutions, and they picked winners. Commerce E-Commerce Mobile Online Payments Retail Startups Technology Accenture amazon Google Google Wallet millennials Mobile banking online bankin MORE
The new year will bring a new round of one of the hottest games in the payments-and-commerce world: What makes millennials tick? Census, millennials are 25 to 34 years old. Retailers are also taking note, for both traditional millennials and Bridge Millennials. MORE
While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. But that downward slide took a nosedive for the kids born in the 1980s — or what we call today the millennial generation. It’s a fact. MORE
While millennials remain the top adopters of mobile banking, the generation is also more likely to have problems with their financial apps, a new survey released by online mobile payment and identity verification company Jumio found. MORE
Over the next few decades, baby boomers and Gen X will pass on $30T in wealth to the millennial generation. Millennials are not the only force contributing to the popularity of ESG and impact investing. MORE
The most optimistic owners are millennials, according to data from the Bank of America Fall 2017 Small Business Owner Report. The survey of about 1,000 small businesses, released last week, found that the majority of millennial entrepreneurs (81%, the survey […]. MORE
Millennials value experiences over things, as the familiar digital age adage goes, but sometimes millennials do, in fact, need actual things , such as sofas, beds and tables to furnish their apartments and houses. But the store has a decidedly digital native, millennial-friendly touch. MORE
Because the millennial art buyers are arriving – and what they buy, how they buy it and how they relate to it is very different than prior generations. The Simpsons,” Dolls, Shoes – The Eclectic World of Millennials’ Collections. The art world can be a strange place. MORE
Bleacher Report, a millennial-focused sports website, has been steadily expanding into the sports betting space, attracting a new generation of gamblers who don’t consider sports gambling a bad thing, according to a report by CNBC. MORE
The payment company said research shows millennials are spending the most on groceries, streaming and commuting. “If I had to pick, I’d argue that the best potential fits are older millennials and Gen Xers. MORE
Is there a secret sauce for merchants to capture the evolving millennial? One formula that offers engaging consumer experiences, and doesn’t insult the intelligence of millennials, is a combination of private-label debit and rewards or loyalty programs. Millennials are the real drivers of adoption when it comes to mobile payments and rewards programs in general,” she said, “and more and more of our merchant partners are looking to us” to make those connections with consumers. MORE
Millennials now make up over 33% of the American workforce, and that number is only increasing. Banking Insights Asia insights Millennial Millennial BankingThe changing of the guard is upon us. Currently, the financial stability of these. MORE
Millennials, those MORE
Millennials have long borne the blame for a variety of problems in commerce, including the decline in popularity of diamonds and certain fast casual restaurants. Millennials could be helping to bring new life to call center commerce. MORE
Millennials get a bad rap for everything from being unable to commit to a job to jeopardizing the cereal market. But, here’s a bit of good news coming out of travel and expense management company Concur: Businesses that have millennials in their workforces may actually save money — at least when it comes to business travel. Millennials spend, on average, 18 percent less than employees aged 36 to 65 on dining and entertainment, but spend on meals is a bit more similar. MORE
Against this backdrop, we find, then, that millennials do not embrace credit cards as readily as other groups of users. Bankrate has estimated that roughly 33 percent of millennials have cards. For the younger generation, for cash flow, look beyond four walls. MORE
Silicon Valley is losing its luster with young adults, as recent polling shows millennials are gearing up to leave the San Francisco area at an increased rate. Economy Bay Area employment migration Millennials News San Francisco Silicon Valley tech workers What's Hot MORE
I’ve spotted a couple of interesting discussions about millennials and money in the last week, both of which say that the views on them are wrong. Stereotyped as avocado-crunching, cappuccino drinking, needies, the general media view is that this is a generation spoilt by helicopter parents to grow up to … The post Millennials: STOP EATING AVOCADOS!!! MORE
I have had many, many conversations about reaching the millennial customer. We need to be attractive to millennials? Millennials think differently, how do we reach them? Millennials are rejecting banks, is that right? The challenge today is to think like a Millennial. MORE
No matter what industry you’re in, the chance of success depends on the knowledge and insight you have regarding your customer base, which for both traditional banking institutions and fintech startups means focusing on millennials. MORE
small businesses, specifically and unsurprisingly with those run by millennials, according to a new report by Mercator Advisory Group. According to Mercator’s report, Business Banking Services: Keeping Up with Millennial Owners, 27% of total U.S. MORE
Millennials Related Topics PYMNTS
APRIL 5, 2019
Millennials have been unloading Tesla shares a week before the company revealed disappointing Q1 delivery numbers. Investments Amazon automotive Branding delivery ecommerce Millennials News q1 Shares stocks Tesla vehicle sales What's Hot
PYMNTS
MARCH 29, 2019
In this month’s feature story, Lee explained how these instant payment apps are fast becoming table stakes for recruiting and retaining employees — millennial and Gen Z workers in particular.
PYMNTS
APRIL 22, 2019
Millennials have long borne the blame for a variety of problems in commerce, including the decline in popularity of diamonds and certain fast casual restaurants. Millennials could be helping to bring new life to call center commerce.
PYMNTS
APRIL 9, 2019
Have millennials started starving a segment of commerce in a socially positive way? Added to the list of things millennials are killing — along with homeownership, the institution of marriage and diamond jewelry — is apparently alcohol.
PYMNTS
DECEMBER 28, 2018
The new year will bring a new round of one of the hottest games in the payments-and-commerce world: What makes millennials tick? Census, millennials are 25 to 34 years old. Retailers are also taking note, for both traditional millennials and Bridge Millennials.
PYMNTS
APRIL 18, 2019
Silicon Valley is losing its luster with young adults, as recent polling shows millennials are gearing up to leave the San Francisco area at an increased rate. Economy Bay Area employment migration Millennials News San Francisco Silicon Valley tech workers What's Hot
PYMNTS
DECEMBER 4, 2018
The millennial path of destruction allegedly continues, with those young consumers now taking blame for the decline in the popularity of canned tuna — a product that joins a casualty list that already includes diamonds and restaurants such as Applebee’s.
PYMNTS
DECEMBER 19, 2016
While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. But that downward slide took a nosedive for the kids born in the 1980s — or what we call today the millennial generation. It’s a fact.
PYMNTS
MAY 2, 2019
The payment company said research shows millennials are spending the most on groceries, streaming and commuting. “If I had to pick, I’d argue that the best potential fits are older millennials and Gen Xers.
Chris Skinner
AUGUST 7, 2018
I’ve spotted a couple of interesting discussions about millennials and money in the last week, both of which say that the views on them are wrong. Stereotyped as avocado-crunching, cappuccino drinking, needies, the general media view is that this is a generation spoilt by helicopter parents to grow up to … The post Millennials: STOP EATING AVOCADOS!!!
Bank Innovation
JANUARY 20, 2017
11 survey from Accenture, millennial participants would consider parking their money with nontraditional institutions, and they picked winners. Commerce E-Commerce Mobile Online Payments Retail Startups Technology Accenture amazon Google Google Wallet millennials Mobile banking online bankin
PYMNTS
OCTOBER 5, 2018
The stated goal, according to new CEO Jim Brett, is for the brand to build back its audience, particularly among millennial shoppers. We believe the bridge millennial is the bellwether for how connected commerce will evolve over the next five to 10 years,” Webster wrote. “We
Bank Innovation
APRIL 12, 2017
It’s crucial for banks to start participating in the finance revolution, especially as millennials are on the hunt for open banking—at least, according to bankers. DataBank Databank Innovations Online Technology APIs open banking Financial Regulation millennial customers psd2
Bank Innovation
MAY 25, 2017
Millennials are in the driver’s seat of innovation. But a new study from FIS, released this week, suggests that millennials are not as unique as many think — at least in terms of financial service preferences. DataBank Databank Mobile banking digital banking FIS millennial
Chris Skinner
JUNE 21, 2017
I have had many, many conversations about reaching the millennial customer. We need to be attractive to millennials? Millennials think differently, how do we reach them? Millennials are rejecting banks, is that right? The challenge today is to think like a Millennial.
PYMNTS
DECEMBER 18, 2018
Millennials value experiences over things, as the familiar digital age adage goes, but sometimes millennials do, in fact, need actual things , such as sofas, beds and tables to furnish their apartments and houses. But the store has a decidedly digital native, millennial-friendly touch.
ForwardBanker
MAY 1, 2019
With millennials poised to outpace baby boomers as the largest generation and expected to represent 50 percent of the workforce by 2020, it’s more vital now than ever to prepare your millennial employees for the leadership roles ahead.
Bank Innovation
MARCH 8, 2018
While millennials remain the top adopters of mobile banking, the generation is also more likely to have problems with their financial apps, a new survey released by online mobile payment and identity verification company Jumio found.
PYMNTS
OCTOBER 5, 2018
The stated goal, according to new CEO Jim Brett – is for the brand to build back its audience particularly among millennial shoppers. We believe the Bridge Millennial is the bellwether for how connected commerce will evolve over the next five to 10 years,” Webster wrote. “We
Bank Innovation
APRIL 6, 2018
Millennial women have the funds available to start investing, but are held back by a fear of beginning the process, as well as the typical reason most millennials aren’t investing: debt, a study released yesterday by loan provider SoFi found.
PYMNTS
APRIL 12, 2019
When Honeyfi got off the ground in 2017, it had a pretty simple idea.
PYMNTS
APRIL 5, 2019
Against this backdrop, we find, then, that millennials do not embrace credit cards as readily as other groups of users. Bankrate has estimated that roughly 33 percent of millennials have cards. For the younger generation, for cash flow, look beyond four walls.
Bank Innovation
JULY 27, 2018
Millennials are expected to have $20 trillion in wealth by 2030, according to a July 2018 CB Insights study. Currently, millennials’ combined financial assets come up to $4.5
PYMNTS
MAY 13, 2019
Bleacher Report, a millennial-focused sports website, has been steadily expanding into the sports betting space, attracting a new generation of gamblers who don’t consider sports gambling a bad thing, according to a report by CNBC.
PYMNTS
AUGUST 23, 2017
As more millennials become adults and baby boomers pass on, these young adults will have larger purchasing power. Census, shared that the number of millennials (75.4 Given these figures, and varying degrees of purchasing power, and interest in trying out new technologies in everyday settings, millennials seem to have the upper hand. Millennials especially want to use technology that empowers them to better manage their lives,” Taylor said.
PYMNTS
OCTOBER 2, 2017
millennials), “plastic does not even have to be a card anymore; it means access to … schemes such as Visa and Mastercard, perhaps through mobile devices … they will get on that and stay on that.”. Payment Methods Featured News lost in transaction Millennials PaysafePlastic.
PYMNTS
SEPTEMBER 11, 2018
Is there a secret sauce for merchants to capture the evolving millennial? One formula that offers engaging consumer experiences, and doesn’t insult the intelligence of millennials, is a combination of private-label debit and rewards or loyalty programs. Millennials are the real drivers of adoption when it comes to mobile payments and rewards programs in general,” she said, “and more and more of our merchant partners are looking to us” to make those connections with consumers.
Bank Innovation
FEBRUARY 6, 2018
Most of this funding (75%, according to figures, it released last week) went to millennial homebuyers, the majority of which were also first-time […].
Bank Innovation
APRIL 11, 2017
One fourth of full-service millennial investors have either tried, or are actively using, a robo-advisory platform, according to a new study by J.D. The study suggests that millennials have now accumulated enough wealth to be in the “sweet spot” for engaging a wealth manager.
PYMNTS
MARCH 8, 2019
News came this week, as noted across sites such as CNBC , that millennial homeownership has been creeping along. Bankrate polled 1,500 homeowners, and found that 63 percent of millennials say they have regrets about having bought the home they are in.
Let's Talk Payments
JULY 20, 2017
Millennials now make up over 33% of the American workforce, and that number is only increasing. Banking Insights Asia insights Millennial Millennial BankingThe changing of the guard is upon us. Currently, the financial stability of these.
Bank Innovation
JUNE 14, 2017
Millennial investor habits were most strongly affected, the survey of more than 15,000 global investors […]. DataBank Databank Innovations Investing millennial investingThink the financial world has finally recovered from the 2008 crisis? Think again.
PYMNTS
AUGUST 23, 2017
Millennials get a bad rap for everything from being unable to commit to a job to jeopardizing the cereal market. But, here’s a bit of good news coming out of travel and expense management company Concur: Businesses that have millennials in their workforces may actually save money — at least when it comes to business travel. Millennials spend, on average, 18 percent less than employees aged 36 to 65 on dining and entertainment, but spend on meals is a bit more similar.
CB Insights
MARCH 27, 2019
Over the next few decades, baby boomers and Gen X will pass on $30T in wealth to the millennial generation. Millennials are not the only force contributing to the popularity of ESG and impact investing.
Bank Innovation
AUGUST 23, 2016
No matter what industry you’re in, the chance of success depends on the knowledge and insight you have regarding your customer base, which for both traditional banking institutions and fintech startups means focusing on millennials.
PYMNTS
AUGUST 2, 2018
Among the most influential drivers of retail change is a subset of consumers PYMNTS identifies as “ Bridge Millennials.” It also spends approximately $2,225 per year on retail purchases, which is more than $830 more than baby boomers and nearly $300 more than younger millennials.
Bank Innovation
FEBRUARY 19, 2018
small businesses, specifically and unsurprisingly with those run by millennials, according to a new report by Mercator Advisory Group. According to Mercator’s report, Business Banking Services: Keeping Up with Millennial Owners, 27% of total U.S.
Bank Innovation
NOVEMBER 15, 2017
The most optimistic owners are millennials, according to data from the Bank of America Fall 2017 Small Business Owner Report. The survey of about 1,000 small businesses, released last week, found that the majority of millennial entrepreneurs (81%, the survey […].
Bank Innovation
MAY 22, 2017
The millennial generation is saving money—just not to leave the work force. The majority of millennials, at 63%, are saving towards their “desired lifestyle” rather than towards retirement goals, according to the Spring 2017 Merrill Edge Report by Bank of America, released on Friday.
Bank Innovation
OCTOBER 1, 2018
A new report shows that millennials use Venmo more than they use ATMs as if there was any doubt that to this audience an app like Venmo is a prime method of payment.
PYMNTS
SEPTEMBER 18, 2018
To get more millennials on board, the Bentonville, Arkansas-based retailer is rolling out offerings designed to attract younger, well-to-do consumes in urban areas. Jet.com is broadening its selection and rolling out same-day delivery in the Big Apple for kinds of items that millennials purportedly crave, like craft beer and local foods. Beyond carrying big brand products, Jet.com launched a private-label brand called Uniquely J last year to home in on the urban millennial crowd.
Bank Innovation
NOVEMBER 8, 2017
But do millennials trust that digital currency more than traditional banks? The rising popularity of Initial Coin Offerings has put digital currency bitcoin more in the public eye, to say nothing of its skyrocketing valuation. Presently, a single bitcoin is worth just under $7,500.
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