Tag Archive: Millennial Finances

Mar 04

What you must know about millennials – Banking Exchange

A torch is being passed, yet there is little fanfare accompanying this momentous occasion. The millennial generation has, for the first time, surpassed Generation X and the baby boomers as the most populous living generation. In 2015 the number of millennials finally outpaced baby boomers, according to Pew Research Center.1 For bankers, pressing questions include: …

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Mar 04

Strategist: Startups Are Eating Wall Street’s Lunch When It Comes to Millennials and Money Management – Bloomberg Business

From robo-advisers to basic index funds, millennials have been a particularly difficult generation for wealth managers on Wall Street to understand. According to a note from brokerage firm ConvergEx Inc., the current money management framework is never going to work for this age group and Silicon Valley with its plethora of fintech startups is reaping the benefits. …

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Mar 04

Millennials Top Investments: Momo Tech Stocks And Leveraged Oil ETNs

According to new data released by TD Ameritrade, millennials are investing in many of the same stocks as people from other generations. Millennials are defined as people born between 1981 and 1997, whereas those of Generation X were born from 1965 to 1980 and the Baby Boomers from 1946 to 1964. Over all three generations Apple, …

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Mar 02

Millennials More Careful with Credit Cards, Debt : Business : Latin Post

Millennials and young adults are careful with debt and credit cards, and some avoid credit cards completely. Many believe being financially successful means being debt-free. Facebook IQ, a data-gathering source from the social media website, found many millennials actually hate debt and have negative attitudes about credit cards too. Debit Not Credit Millennials are three times …

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Mar 01

Strictly Business: Millennial priorities a bit different | The Columbian

On payday, it feels like my wife and I have the means to do anything we want. The day before payday, the despair of inescapable long-term debt feels overwhelming. Welcome to the middle class! I realized, while doing our taxes this year, that we had joined this shrinking club — at least as far as …

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Mar 01

Why Millennials Are Shut Out Of The American Dream

The kids are not alright. The kids, might, in fact, be screwed. Millennials are the first generation in the modern era that’s overwhelmingly blocked from attaining the classic American dream of homeownership, according to a disturbing new research survey that should be enough end any argument that young adults today are somehow more entitled or spoiled. …

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Mar 01

Stash Asks Millennials to Skip the Beer and Invest the $5 Instead | Bank Innovation

Stash, a new investing app for millennials, announced a $3 million raise today, bringing its total funding to $4.5 million. “70% of people under 30 don’t invest,” CEO David Ronick told Bank Innovation. “They say, ‘We know we need to save and invest,’ but it’s intimidating. Buying a share of Apple for $100 or so is scary.” …

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Mar 01

Millennials and Money: Q&A with Nicole Lapin, Author of Rich Bitch

When you think about millennials, you probably think of the entitled generation without a care in the world. But this group of young people (born between 1981 and 1997) are entering the real world (or are about to enter the real world) with a huge burden on their shoulders. Right now Americans have $1.2 trillion …

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Mar 01

The Millennial Money Habit That Defies Logic | Money.com

An inexplicable—and potentially costly—fondness for prepaid cards.  Last month, the Federal Reserve Bank of Philadelphia published a report that looked at millennials’ money habits, particularly their use of banks and alternative financial systems. While some findings were hardly a surprise—younger consumers are most likely to use peer-to-peer lending and alternative payment systems like PayPal and Venmo—the …

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Feb 29

Millennials are “financially fragile,” study finds

  Plenty of millennials are headed down the wrong path financially, judging by the findings of a new survey. According to the PwC survey released by George Washington University’s Global Financial Literacy Excellence Center, which analyzed the financial behaviors and thoughts of 5,500 respondents between 23 and 25 years old, millennials are ill-equipped to manage …

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