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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. By Beth Mattson-Teig.

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Are Millennials in Financial Crisis?

Filene

To help pay down my debt, I enrolled in a financial seminar at the local church and got a second job. If credit unions had the right products, millennials would not need to use alternative services. Not to mention that credit unions really need millennials too (average age of a credit union member is about 47).

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Are Employers The Low-Dollar Lenders Of The Future?

PYMNTS

Dochtermann has been involved in extinguishing several employees’ high-interest debts and sets repayment at a 5 percent interest rate, reducing pre-tax compensation by the loan amount. Fifty-one percent of employed adults continually carry credit card balances; 42 percent of millennials have student loans. and Zebit Inc.

New York 100
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Building Financially Empowered Youth; Our Future Depends on Them

Filene

Over the last two years, to help students better prepare for higher education, STAR began providing financial education for the classroom, offering programs to help with budgeting in college and scholarship writing workshops as well as parent seminars. What Millennials Want: The Future of Millennials in the Credit Union System.

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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. The $300 billion Financial Stress Tax. Some veer toward the technical while others come across as more philosophical. The Rise of Contextual Commerce. POS Dinosaurs Are Due for Extinction.