- 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…
- Jan 23 2020
Gen Z’s student loan debt is impacting their career decisions.
Gen Z’s student loan debt is impacting their career decisions. According to a survey by Handshake, a career community for college students, 61% of college students would take a job they don’t love in order to pay off their student loans. Nearly 44% of young participants underestimated the time they had to pay off loans, predicting five to 10 years when the typical repayment period is 20 years for loans over $20,000. YPulse’s finance and spending monitor shows that 54% of 18-to-37-year-olds currently have some kind of debt, and 36% are paying a monthly student loan bill. (PRNewswire)
- Jan 22 2020
How would young consumers invest $10,000? Paying down debt is their top choice.
How would young consumers invest $10,000? Paying down debt is their top choice. In a LendEDU survey, paying down debt was the top way that all generations would invest a windfall by far, with Millennials more likely than Boomers or Xers to focus on reducing their student loan debt. (Younger respondents were also more likely to say they would invest in crypto-currency.) YPulse’s finance and spending monitor shows that 54% of 18-to-37-year-olds currently have some kind of debt, and 36% are paying a monthly student loan bill. (MoneyWise)
- Jan 02 2020
Millennials investors are making climate change a priority.
Millennials investors are making climate change a priority. YPulse found that Gen Z and Millennials believe climate change is the biggest problem facing their generations, and according to a Bank of America Securities survey, many Millennial investors are interested in “impact investing,” with 90% of them setting it as their first investment criteria. While some global pure play climate change funds underperformed in the last 10 years, clean energy ETFs surged 41%. But despite some lackluster results and returns, some analysts report that the next generation of investors will make climate change a “critical investment strategy.” (CNBC)
- Dec 19 2019
Mobile apps are replacing piggy banks for kids who have extra pocket change.
Mobile apps are replacing piggy banks for kids who have extra pocket change. In a move to teach young people about financial management early on in life, Europe-based budgeting apps like GoHenry, Osper, Gimi, and Revolut Youth offer money management services for kids 7-to-18-years-old. For a monthly subscription fee, parents can add money to their kids’ accounts, set limits, or monitor payments. Over half of Gen Z and Millennials tell YPulse they wish their parents taught them more about managing finances, so starting to learn digital spending skills at a young age could be a positive. (CNN)
- Dec 13 2019
For Millennials, home buying is “just beginning.”
For Millennials, home buying is “just beginning.” Buying a home may be a top financial worry by young consumers, but in 2018 Millennials were the largest group of home buyers at 37%, according to the National Association of Realtors’ 2019 Home Buyers and Sellers. Some are saying this indicates the generation’s “delay in … homebuying is over.” The Toll Brothers’ earnings report shows that 2019 was the year more young buyers invested in a house, and 20% of closings had one buyer under 35-years-old. Millennial home buyers are looking for good neighborhoods, reasonable commutes, and overall “instant HGTV-approved living.” (CNBC, The Washington Post)