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The explosion of fintech has credit cards declining and personal loans trending.
That’s according to a recent study published by the credit information company TransUnion that looked at credit origination trends between Millennials and Generation X.
The study analyzed the borrowing trends of both generations when they were between the ages of 21 and 34 – Gen X credit trends were examined in 2001 and Millennials in 2015.
The findings from the study show that Millennials on average carry two fewer bank cards and private label cards than Gen X, but take out higher interest rate, no-collateral personal loans at nearly double the rate of the preceding generation.
The explosion of fintech has credit cards declining and personal loans trending.
That’s according to a recent study published by the credit information company TransUnion that looked at credit origination trends between Millennials and Generation X.
The study analyzed the borrowing trends of both generations when they were between the ages of 21 and 34 – Gen X credit trends were examined in 2001 and Millennials in 2015.
The findings from the study show that Millennials on average carry two fewer bank cards and private label cards than Gen X, but take out higher interest rate, no-collateral personal loans at nearly double the rate of the preceding generation.
As a financial executive, you probably find yourself pulled in multiple directions all day long. To achieve what needs to get done, you have to rely heavily on your team to execute on both the long and short-term objectives. Given this, it is vital that your team is strong and well-functioning, and agile enough to keep pace with constant organizational change. But highly functional teams don’t just “happen” – they require intentional focus and attention on a regular basis from the leader – and while this may seem like another daunting task to add to your list, the payback is worth it. In fact, some research indicates that well-functioning teams are up to 30 percent more productive than average teams.
As a financial executive, you probably find yourself pulled in multiple directions all day long. To achieve what needs to get done, you have to rely heavily on your team to execute on both the long and short-term objectives. Given this, it is vital that your team is strong and well-functioning, and agile enough to keep pace with constant organizational change. But highly functional teams don’t just “happen” – they require intentional focus and attention on a regular basis from the leader – and while this may seem like another daunting task to add to your list, the payback is worth it. In fact, some research indicates that well-functioning teams are up to 30 percent more productive than average teams.


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By Bram Berkowitz

The explosion of fintech has credit cards declining and personal loans trending.
That’s according to a recent study published by the credit information company TransUnion that looked at credit origination trends between Millennials and Generation X.
The study analyzed the borrowing trends of both generations when they were between the ages of 21 and 34 – Gen X credit trends were examined in 2001 and Millennials in 2015.
The findings from the study show that Millennials on average carry two fewer bank cards and private label cards than Gen X, but take out higher interest rate, no-collateral personal loans at nearly double the rate of the preceding generation.

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