Millennials Need Financial Advisors. Financial Advisors Need Millennials.

Millennials Need Financial Advisors. Financial Advisors Need Millennials.

As the recovery from the recession continues, and Millennial incomes continue to take shape, perspectives on the misguided Millennial investor have popped up. Yes, many are behind the 8 ball with student debt and less than stellar jobs, but many in the 18-34 age spectrum are now making decent money, saving some, and are in need of a financial plan and investment advice.

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Volunteerism Important in Employer Selection

Volunteerism Important in Employer Selection

 

Forbes recently reported on the importance of volunteerism opportunities in Millennials’ selection of their employer. “While only 39% of Millennial employees said they researched their employer’s cause work prior to the interview, 55% of employees were influenced to take their job after discussing cause work in the interview.”  So if you are hiring a Millennial, it’s important to talk about how your company is involved in causes. Additionally, “Millennial employees preferred joining a company-wide or team-specific volunteer project rather than donating to a giving campaign.” 

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Prepaid Cards Helping Manage Finances, But Not Building Credit

Prepaid Cards Helping Manage Finances, But Not Building Credit

A recent Adage article explored the growth and prominence of prepaid cards amongs the Millennial generation. Included was an expert from a TD Bank study which revealed that “56% of Millennials surveyed said the ability to track spending is one of the main benefits of reloadable prepaid cards, as opposed to 46% of people overall.”  

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Millennials Dig Food & Beverage Festivals

Millennials Dig Food & Beverage Festivals

If you're managing a food or beverage product/service, a new study from Eventbrite reminds us of the power of in-person experiences to engage the Millennial consumer. From their survey, 60% of Millennials say they will purchase a food or wine they enjoyed at an event again in the future. And for beer, 82% say they will frequently or always purchase a beer they loved from the event later at a local retailer. And don't forget the social influence these folks have.  99% say that they are likely

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Millennials are doing better at saving for the future.

Millennials are doing better at saving for the future.

It seems that millennials are working smarter to put themselves in a better financial position. Featured in a Bloomberg article, the eighth annual America Saves Week survey by the Consumer Federation of Americas shared the percentage of 18-34 year olds who saved at least 5% of their income increased to 56%, from 50% in 2014. Additionally, 

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Millennial Women Homeowners Have A Positive View Of Smart-Home Technology

Millennial Women Homeowners Have A Positive View Of Smart-Home Technology

n a recent eMarketer report on smart-home technology, an IHS forecast showed that smart-home device shipments worldwide would rise 660% between 2013 and 2018, from 25 million to 190 million. More interestingly, for millennial women, a separate Better Homes & Gardens poll showed US female homeowners under-35 over-indexed against all women for usage and interest in smart-home technology features across all categories listed.

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