- Dec 18 2019
Experts are saying that Millennial spending is ramping up, predicting that they could save the U.S. from a recession, and end up the richest generation… Millennials’ finances are usually discussed in purely gloom and doom…
- 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…
- Mar 18 2020
Millennials prefer apps over humans when it comes to financial advice (which might come in handy right now.)
Millennials prefer apps over humans when it comes to financial advice (which might come in handy right now.) Accustomed to digital finance apps like Venmo, young people tend to prioritize digital experiences over the traditional financial institutions and advisors their parents’ generation did. According to a Wall Street Journal survey, 31% of 23-to-38-year-olds say digital sources have played a big role in shaping their attitudes toward money, compared to 15% of Gen X and 5% of Boomers. The same report showed that 46% of Millennials prefer to learn about finance on websites, while only 25% would go see a financial expert in-person. (WSJ)
- Mar 16 2020
Student loan debt could interfere with romance for some Millennials.
Student loan debt could interfere with romance for some Millennials. According to a Business Insider Intelligence survey, 27% of 20-to-38-year-olds would definitely consider a prospective partner’s student loan debt before entering a romantic relationship with them. Debt is also one of the main reasons that some couples are signing prenuptial agreements—with 10% of divorcees blaming their divorce on solely on student loan debt. Finding that debt-free partner could be tough though: YPulse’s most recent finance and spending monitor shows that 56% of Millennials have some kind of debt. (Business Insider)
- Mar 13 2020
Millennials are passionate about many causes—they just don’t know where to invest.
Millennials are passionate about many causes—they just don’t know where to invest. YPulse found that climate change is the biggest problem Gen Z and Millennials believe they are facing today—and according to a Wall Street Journal survey, 41% of 23-to-38-year-olds are passionate about climate change followed by human rights, poverty reduction, and safe work environment, each at 39%, and sustainability at 38%. The same report found that nearly half of Millennials want to start investing, but just don’t know where to begin. Our personal finance and services research found that 35% of 19-to-35-year-olds don’t understand investments. (WSJ)
- Mar 12 2020
The 2008 recession and college costs have left a generation cynical about stock markets.
The 2008 recession and college costs have left a generation cynical about stock markets. According to a MarketCast survey for the Wall Street Journal, nearly half of 23-to-38-year-old Millennials feel overwhelmed by financial obligations, compared to 39% of Gen Z and 31% of Boomers, and more than half “think their generation’s American dream has been upended.” Building an emergency fund is the focus for 60% of Millennials, while 50% say they want to invest but just don’t know where to begin—and around 37% don’t trust financial institutions. YPulse’s personal finance and services survey found that 49% of 19-to-37-year-olds currently have investments. (WSJ)
- Feb 25 2020
Venmo is testing debit cards for teens.
Venmo is testing debit cards for teens. Soon, parents will be able to create a debit card for their kids and connect it to their own Venmo account. With the new feature, adult users can receive spending notifications and set limits, while also giving their children more flexibility in emergency situations where they might be strapped for cash. YPulse personal finance and services research found that 58% of 13-to-18-year-olds wished their parents had taught them more about managing finances. (TechCrunch)