Financial news reports are buzzing about the Millennial generation. The same is true of the general press as well.
You can’t turn on the TV; read a newspaper, blog or magazine; or listen to talk radio, without hearing someone opine about the rise of Millennials, also known as Generation Y.
This year alone, I’ve received no less than a dozen research studies about the Millennial crowd – mostly from financial services firms, retailers and think tanks.
Why is there such a massive interest in Americans between the ages of 18 and 34 years old? It’s because financial companies, corporations of all stripes, and other organizations recognize the enormous impact that Millennials will have on America – in the near future and over the long haul.
Every year, 12 million Americans take out payday loans, spending more than $7 billion on loan fees alone, according to research from The Pew Charitable Trusts. While people of all age groups and backgrounds get high-cost payday loans, studies show that Millennials are now turning to payday loans at a faster clip than any other segment of the …
Are Payday Loans the New Credit Cards for Millennials? Read More »
Financial news reports are buzzing about the Millennial generation. The same is true of the general press as well. You can’t turn on the TV; read newspaper like theguardian.com, blog or magazine; or listen to talk radio, without hearing someone opine about the rise of Millennials, also known as Generation Y. This year alone, I’ve …
A new study from BankRate.com has found that 63% of Millennials in the U.S. – those between the ages of 18 and 29 – don’t have a single credit card. I’ll admit: I was initially surprised by this new data. At first blush, I wouldn’t have guessed that young adults would be opting out of …
4 Reasons That Most Millennials Don’t Have a Single Credit Card Read More »
Young adults suffering through the Great Recession are having serious problems getting a handle on their spending, credit and debt woes, according to a new survey out from Western Union.
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