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Millennials May Never Financially Recover From The Great Recession

PYMNTS

For all the press about how millennials are the future of commerce, there is one big and rather problematic roadblock in that narrative. Millennials are kind of broke – and they might always be. That is the worrisome take-away from a new Federal Reserve Bank of St. Louis study titled “ A Lost Generation?

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JPMC Data: Economy Looks To Be Stalled

PYMNTS

Age was also a factor, with millennial and Generation Z consumer spending down 4 percent and baby boomer spending down as much as 18 percent. Also, in a blog post , the St. Louis Federal Reserve said the employment situation could have worsened since mid-July when the non-farm payrolls survey was conducted.

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CUs Work Together To Stay Ahead Of The Competition

PYMNTS

Few are more familiar with this challenge than St. Louis, Missouri-based Together Credit Union , which operated under three separate names — American Eagle Credit Union, Anheuser Busch Employees’ Credit Union and Purina Credit Union — until late last year. Louis, specifically, is very overbanked.”.

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How Summersalt Is Refitting Swimwear With Data

PYMNTS

But for the Summersalt team headquartered in St. Louis, every season is swimsuit season, because that is the direct-to consumer eCommerce startup’s specialty. Apart from expanding their size range, Coulter and Chamberlin have also noted they plan to expand Summersalt past its swimwear starting point and into a line of travelwear.

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Chapter 11 Watch: Hockey Chain Put On Ice, California Livin’ Goes Bust In Hong Kong

PYMNTS

Brick-and-mortar retail will forever remember the day that Nintendo released Pokémon GO , a mobile game that has caused millions of millennials to suddenly discover outside again. Louis Business Journal is reporting that Missouri-based hockey equipment supply chain Total Hockey has filed for bankruptcy as of Wednesday (July 6).

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The $70K Dent The Financial Crisis Put In The US Consumer’s Pocketbook

PYMNTS

Adding to the fun — consumers born in the 1980s to 1990s (aka millennials) that are widely counted as the future of economy — carry the highest debt load of any generation according to the Federal Reserve Bank of St. population — fare much worse.

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