- Oct 22 2019
What are Millennials spending their money on every month, and how does it change as they age up? We break it down in three charts… It’s been two years since the infamous avocado toast remark…
- Sep 10 2019
Many young consumers are worried they’ll never reach their financial goals—and these are their biggest economic worries right now…
- Jun 25 2019
Gen Z and Millennials are in agreement: they’re worried about the future, and believe this is the biggest problem they face right now… Our recent survey on Gen Z and Millennials’ views on the country…
- Apr 24 2019
Do Millennials really have no savings? Here’s the truth about how much the generation has put aside—if anything at all—in two charts… Millennials’ financial woes make headlines regularly—and some of the claims are downright frightening.…
- Feb 26 2019
Teen spending is being modernized. When parents don’t carry cash, but their kids aren’t old enough for their own debit cards, fintech solutions are coming to the rescue… Let’s face it—Gen Z hasn’t grown up…
- Nov 26 2019
Gen Z and Millennial workers want better benefits, not just money.
Gen Z and Millennial workers want better benefits, not just money. A study shows that while salary is an influential decision in accepting a new job, 60% of young workers said they would take a 10% pay cut in return for better benefits, including retirement and health insurance. The majority of young employees also report staying at a job longer than they wanted because it provided good benefits. (InsuranceNewsNet)
- Nov 15 2019
Google is getting into the banking business.
Google is getting into the banking business. With many tech companies trying their hand at financial services, Google is introducing a new checking services, code-named Cache for now, which will be run by Citigroup and Standard Federal Credit Union. Previous attempts at financial services from the brand have gotten lukewarm results, but the tech giant is hoping the new venture will appeal to “younger tech-savvy” people—and according to YPulse research, nearly 30% of 18-36-year-olds would trust Google to manage their finances. (Business Insider, WSJ)
- Nov 14 2019
They’ve been called lazy, and accused of freeloading off their parents, but it looks like Millennials have been quietly financially supporting Baby Boomers all along.
They’ve been called lazy, and accused of freeloading off their parents, but it looks like Millennials have been quietly financially supporting Baby Boomers all along. According to a BuzzFeed News analysis of the U.S. Census Bureau data, 1.4 million Millennials supported their parents in 2016—a figure nearly identical to the number of Baby Boomers who supported their grown Millennial children. Layoffs, lack of retirement plans, and deteriorating health are just some of the reasons Boomer parents have had to turn to their children for support. (BuzzFeed)
- Nov 14 2019
Gen Z are more likely to do their holiday shopping in-store—partly because they aren’t as likely to have credit cards.
Gen Z are more likely to do their holiday shopping in-store—partly because they aren’t as likely to have credit cards. According to NPD, the youngest generation is the least likely to holiday shop online, while Millennials are the most likely. Gen Z less likely to be financially equipped for online shopping, and also continue to see shopping as a social experience, helping draw them to malls. But saying they “don’t like to shop” online might be a stretch—YPulse’s holiday shopping data found the majority (62%) of Gen Z plan on buying gifts online as well. (CNBC)
- Nov 13 2019
Young homebuyers are making serious financial sacrifices to purchase a house.
Young homebuyers are making serious financial sacrifices to purchase a house. A new study by Zillow found 71% of Millennials and Gen Z homeseekers are cutting back on other purchases to save for a downpayment, including personal entertainment, and technology. But they aren’t just cutting back on “nice-to-haves,” with 13% actually cutting back on health care services—including insurance and visiting the doctor’s office—in order to buy a house. YPulse has found that buying a home is a top financial worry for Millennials—above healthcare costs. (TheDealExperts)