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.
A recent study by the Global Financial Literacy Excellence Center at the George Washington School of Business shows that users...
Writing in AltFi Nick Woods, Head of Financial Services at Instinctif Partners, takes a look at how the UK’s millennials...
Tearsheet reports on a recent survey, the 2019 FIS Performance Against Customer Expectations (PACE) survey, of 1,800 consumers; not surprisingly,...
Bloomberg reports that the charge-off rate among card issuers in Q1 2019 increased to the highest level in almost seven...
A new survey by Bank of America found that 63 percent of millennials are saving money, that is on par with generation X and baby boomers; the survey shows that millennials are a lot more in tune with their financial lives then they are given credit for; the survey also found that millennials are more apt to ask for a raise and they also play into stereotypes by saying they spend too much and don’t save enough when asked by researchers. Source.
Mortgages are one of the last lending products to become fully digital as the process represents quite the challenge to...
There is a prevailing thought in the fintech market that millennials hate big banks and are open to giving their...
There are some extremely attractive offers these days from a multitude of digital banks; it has been 10 years since...
civilization and politicsgenerational changemacroeconomicsmicroeconomicsnarrative zeitgeistphilosophySocial / Community
·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.