Millennials and Banking

June 9, 2019

Accenture Millennials are set to inherit $30 trillion over the next 30 to 40 years. Fifty percent of bank customers and 67 percent of millennial bank customers want banks to provide budgeting tools. 2. Bureau of Labor Statistics Millennials will constitute roughly 44% of the U.S. workforce by 2022. 3. Facebook IQ Eighty-six percent of millennials put money into savings each month. The two top financial priorities for millennials include paying down debt (43 percent) and saving for the future (38 percent). Seventy-seven percent of millennials say their mobile phone is always with them. Sixty-one percent of millennials say that mobile banking tools have made tracking money easier.

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