Online lending appears to be driving increased personal loan borrowing from millennials; data from TransUnion says 4.33% of millennials obtained a personal loan in 2015 and online lenders accounted for approximately 30% of the personal loan market last year; TransUnion also reports that millennials are more conservative about credit card debt with two fewer cards on average than the previous generation. Source
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·Chlöe Swarbrick, a 25-year old climate MP was presenting her climate change case to the New Zealand parliament, and was heckled by an older audience member. Without missing a beat, she acknowledged and dismissed the challenger with a pithy “Ok, Boomer.”
The recording has since gone viral, inspiring everything from merchandise to Vogue articles. While the incident isn’t the source of the phrase “Ok, Boomer”, today it is the most well known manifestation. So what does the phrase mean? If you are inclined to more colorful language, see Urban Dictionary. But the meaning is obvious on its face — Gen Z is dismissing utterly and without consideration the judgment and protestations of society's elders on multi generational issues like economics, climate change, and social norms.
Today, Pave, an online lending platform, announced a large investment commitment of $300 million on the Pave platform. Seer Capital will provide...
Tearsheet reports on a recent survey, the 2019 FIS Performance Against Customer Expectations (PACE) survey, of 1,800 consumers; not surprisingly,...
Mortgages are one of the last lending products to become fully digital as the process represents quite the challenge to...
Creating a responsive chatbot is hard work, but it is a must if financial institutions want to attract and retain younger clients.
There is a prevailing thought in the fintech market that millennials hate big banks and are open to giving their...
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[Editor’s note: This is a guest post from Biz2Credit. Biz2Credit is a Bronze Sponsor at LendIt USA 2016, which will take...
A recent study by the Global Financial Literacy Excellence Center at the George Washington School of Business shows that users...
With tech companies being seen as the better destination for the millennial workforce banks are starting to look at new ways to attract younger talent; helping employees pay down student debt has become one way for banks, who might not offer the same salary range, to stay competitive; as banks look to become more digitally savvy enlisting programs like this can help to go a long way in attracting the new generation of talent. Source.