The Bank of America Merrill Lynch says Millennials’ income will triple over the next 15 years—and they want to be ready for it. With the understanding that the generation embraces “diversity, sustainability, globalization, disruptive technology, peak stuff,' new business models, and entrepreneurialism,” they’re recommending investing in companies like Apple Inc., Expedia Inc., and Adobe Systems Inc. to profit off Millennial purchasing. They also highlight young consumers’ different take on finance, and the rise of “fintech” startups that give them an alternative option for loans and retirement funds. (Bloomberg)
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