Category Archive: Millennial Finances

Mar 23

21 is the New 30, Give Us Millennials a Break – The Banner Newspaper

Living Paycheck to Paycheck is a Reality For College Grads, More Than Baby Boomers By Victoria Priola It seems like now more than ever, young people are supposed to have their life together. Gone are the days where a $10/hr job alone paid for rent, food, and college tuition. The Project on Student Debt State …

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Mar 23

In defense of Millennials | Stanford Daily

If you type “Millennials are” into Google, chances are that auto-complete will fill in the word “entitled” at the end of your sentence. The supposed fact that American Millennials, the generation born in the 1980s, 1990s and 2000s, are “entitled” has been repeated again and again ad nauseam. As a millennial myself, I can certainly see where …

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Mar 22

Understanding the economic squeeze on millennials – Chicago Tribune

Getty Images/Vetta Noah SmithBloomberg View Did rich countries like the U.S. betray the millennial generation — the people born in the 1980s through the early 2000s? Some make that claim. For example, a report in the Guardian discusses how high unemployment, sluggish income gains and student loan debt have hit young people in Western countries …

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Mar 22

Millennials Set to Influence the Future of Financial Services | International Banker

In 2012, the market research firm Phoenix Marketing International added questions related to general purpose reloadable (GPR) prepaid cards to its annual Consumer Payments Monitor survey. By 2013, the second year that responses to these questions were gathered, strong year-over-year growth in GPR cards had occurred, especially among young adults heading higher-income households. A discussion …

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Mar 22

Millennials, boomers fuel apartment construction uptick

Developers are focusing on multi-family residential construction, meeting new demand for rental housing STORY HIGHLIGHTS New Castle County is seeing new demand for rental properties as millennials balk at home-ownership. The years since 2008 have seen a 4 percent increase in the number of Delawareans renting housing. Construction of multi-family units around the country is …

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Mar 18

If you hate rich millennials, avoid these cities | New York Post

Sick of dealing with millennials who make more money than you do? Don’t move to these cities. The real estate website Zillow recently reported the top 10 towns where the largest percentage of young Americans ages 22 to 34 made more than $350,000 a year. The top spot? Arlington, Virginia, where 8.7 percent of millennials …

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Mar 18

Majority of Boomers, Millennials and Gen Xers View Renting as More Affordable Than Homeownership | MultifamilyBiz.com

MCLEAN, VA – Despite rent increases and feeling burdened by their finances, 70 percent of renters currently feel renting is a more affordable choice than homeownership, according to a Freddie Mac survey, and 55 percent plan to keep renting in the next three years. When looking across the generations, the views are similar with 70 …

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Mar 17

Survey of Pawnbrokers Reveals Millennials Increasingly Turning to Pawn Stores

KELLER, TX (PRWEB) MARCH 15, 2016 The National Pawnbrokers Association (NPA) announced today the results of the NPA 2016 Trend Survey, which assesses how changes in the American economy and trends in collateral lending have affected the pawn industry since the beginning of 2015. An examination of pawnbrokers’ customer demographics helped determine that Millennials, the …

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Mar 17

Why Millennials Are Tapping Payday Loans and Pawn Shops | Money.com

28% of college-educated millennials have gotten short-term financing from pawn shops and payday lenders in the last 5 years.  David, 31, was in a pinch. He was building out a second location for his family’s jewelry store in Queens, New York and running out of cash. He turned to a local pawn shop for financing …

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Mar 15

The Millennial investing gap

The majority of the 80-million Millennials in the United States are not active in the stock market, and many don’t have the necessary funds to get a financial adviser, causing a generational divide in investing. A new report by ConvergEx Group explains the gap between what major banks are offering and the new financial tech, …

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