Exploring Credit Card Behaviors Of Millennials In The United States PDF Download
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| Author | : Hillary Burgess Odom |
| Publisher | : |
| Total Pages | : 57 |
| Release | : 2017 |
| Genre | : Electronic dissertations |
| ISBN | : |
Download Exploring Credit Card Behaviors of Millennials in the United States Book in PDF, ePub and Kindle
Consumer credit is not a new concept in the United States. It has evolved over time from basic installment plans, which allowed consumers to pay off their purchases incrementally, to the more complicated and increasingly prevalent credit cards in today's society. This study investigated the credit card behaviors of Millennials, individuals born between 1981-1997 (Pew, 2015), in the United States. Specifically, the main focus of this study was to see if Millennial respondents had a credit or debit card, outstanding balance on credit cards, and if they have a revolving amount of credit. For multivariate analysis, demographic control variables as well as unfavorable credit attitude, and risk tolerance were included in the analyses. Findings from the 2013 Survey of Consumer Finances (SCF) showed that as the age of Millennials increases, the likelihood of having a credit card and the amount of credit card outstanding balance increased. The households with higher education levels had higher credit card balances. Single males and females were less likely to use credit cards than married couples and carried lower balances than married households. White households were more likely to use credit cards and have credit card balances than other ethnicities, but were less likely to have revolving credit. This study provides characteristics and behaviors of the Millennial Generation as they relate to credit consumption and debt management compared to those of the rest of the U.S. population. This helps show the credit attitudes of Millennials as well as how Millennials view and use credit including whether or not they have learned to use credit cards responsibly. This is useful information for those who want to create a credit savvy population and educate about the adverse effects of carrying large amount of debt. Further, this study provides important insights for financial planners to determine why certain demographic characteristics and other factors cause Millennials to treat credit differently than previous generations. This information will allow financial planners to target needs that are specific to Millennials and offer them financial advice that is the most valuable and significant.
| Author | : Tracy M. Dice |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2022 |
| Genre | : Consumer behavior |
| ISBN | : |
Download Credit Card Behaviors in Young Adults Book in PDF, ePub and Kindle
Today's young adults are faced with challenging economic times ranging from extreme debt to the COVID-19 pandemic. They have also been raised with powerful technology, which has created an instant gratification world. This instant gratification may cause irrational thoughts to obtain products and services immediately despite the high costs of credit. To help understand the family's role in a person's financial wellbeing, Family Financial Socialization Theory (FFST) has shown that parents are influential on young adults' credit card demographics, but little is known about actual behaviors. Thus, how do young adults manage their credit cards behaviors based on what they observed from their parents? This research focuses on the relationship of family influences on young adult credit card behaviors, specifically parents' unintentional financial behaviors. Also, this analysis uses financial attitudes and knowledge as a mediator to that relationship. This study employed structural equation modeling (SEM) to analyze the relationships among the latent factors and measured variables and test the associations hypothesized in the research model. The sample consisted of 850 responses from a panel of young adults ages 18-26, living in the United States. This study found that, while there is not a direct relationship between family influences and credit card behaviors, a young adult's financial attitudes and knowledge weakly mediates an indirect relationship between them.
| Author | : Robert D. Manning |
| Publisher | : |
| Total Pages | : 424 |
| Release | : 2000-12-25 |
| Genre | : Business & Economics |
| ISBN | : |
Download Credit Card Nation The Consequences Of America's Addiction To Credit Book in PDF, ePub and Kindle
Credit Card Nation is the first comprehensive look at an ongoing social and economic crisis-America's escalting dependence on credit. By locating consumer debt within the context of corporate and governmental debt.
| Author | : Charles Sprenger |
| Publisher | : |
| Total Pages | : 29 |
| Release | : 2008 |
| Genre | : Credit cards |
| ISBN | : |
Download Credit Card Debt and Payment Use Book in PDF, ePub and Kindle
| Author | : Andrew Haughwout |
| Publisher | : Academic Press |
| Total Pages | : 456 |
| Release | : 2019-08-12 |
| Genre | : Business & Economics |
| ISBN | : 0128135255 |
Download Handbook of US Consumer Economics Book in PDF, ePub and Kindle
Handbook of U.S. Consumer Economics presents a deep understanding on key, current topics and a primer on the landscape of contemporary research on the U.S. consumer. This volume reveals new insights into household decision-making on consumption and saving, borrowing and investing, portfolio allocation, demand of professional advice, and retirement choices. Nearly 70% of U.S. gross domestic product is devoted to consumption, making an understanding of the consumer a first order issue in macroeconomics. After all, understanding how households played an important role in the boom and bust cycle that led to the financial crisis and recent great recession is a key metric. Introduces household finance by examining consumption and borrowing choices Tackles macro-problems by observing new, original micro-data Looks into the future of consumer spending by using data, not questionnaires
| Author | : Bruce Tulgan |
| Publisher | : Human Resource Development |
| Total Pages | : 122 |
| Release | : 2001 |
| Genre | : Business & Economics |
| ISBN | : 0874256224 |
Download Managing Generation Y Book in PDF, ePub and Kindle
They thrive on challenging work and creative expression, love freedom and flexibility, and hate micromanagement. They are fiercely loyal to managers that are knowledgeable, caring coaches that can mentor them to achieve their goals. What does Gen Y expect from you? Ongoing research indicates that the fourteenth generation has expectations of their bosses such as: Provide challenging work that matters Balance clearly delegated assignments with the freedom and flexibility to produce results in their own way Reward accomplishments with increased responsibility Provide ongoing training and learning opportunities Establish mentoring relationships Managing Genertion Y is for those who want to become the employer of choice for the next cohort of young adults. Discover the Gen Y traits that pose the greatest challenges to managers as well as the best practices you can implement now to keep these upbeat, techno-savvy workers focused and motivated.
| Author | : Gui Costin |
| Publisher | : Forbesbooks |
| Total Pages | : 195 |
| Release | : 2019 |
| Genre | : Business & Economics |
| ISBN | : 9781946633422 |
Download Millennials are Not Aliens Book in PDF, ePub and Kindle
As Millennials step into positions of greater authority and power, they will, without a doubt, modify their marketing strategies to sell to people of their generation exactly as they wish to be sold to, which puts a lot of us on a timed collision course. The invention and usage of the Internet taught Millennials to play the game in a different way and if we want to remain competitive and connect with this generation, we have to adapt to their way of playing.Educating yourself on Millennial habits is the first step in a longer journey to figuring out the best way to appeal to their style of connecting, buying and investing. Millennials Are Not Aliens is Gui Costin_s survival guide to adapting to a future that will be owned by 80 million Millennials in the United States and 2.7 billion globally.
| Author | : Cortney Weinbaum |
| Publisher | : Rand Corporation |
| Total Pages | : 63 |
| Release | : 2016-08-08 |
| Genre | : Political Science |
| ISBN | : 0833094211 |
Download The Millennial Generation Book in PDF, ePub and Kindle
In 2015, for the first time, millennials outnumbered baby boomers as the largest generational segment of the U.S. population. This report describes how the intelligence community must engage millennials across multiple segments to succeed in the future: millennials as intelligence clients, employees, and partners and as members of the public.
| Author | : Eleonora Pantano |
| Publisher | : Springer |
| Total Pages | : 109 |
| Release | : 2019-03-04 |
| Genre | : Business & Economics |
| ISBN | : 3030126080 |
Download Smart Retailing Book in PDF, ePub and Kindle
By providing a comprehensive theoretical framework, this book aims to map the most relevant technologies that have the potential to reshape the retail industry. The authors demonstrate how technology is pushing innovation, and examine how smart technologies can be fruitfully applied both in-store and through digital channels. The aim of the book is to synthesise theory and practice, and provide a richer understanding of new digital opportunities offered by the ‘smart’ experience. An accessible resource for researchers who want to understand this phenomenon as part of their expertise in digital marketing and e-commerce, Smart Retailing also provides insights for practitioners who are experiencing the dramatic effects of new technologies on their retail strategies.
| Author | : Jeff Fromm |
| Publisher | : AMACOM |
| Total Pages | : 220 |
| Release | : 2013-07-10 |
| Genre | : Business & Economics |
| ISBN | : 0814433235 |
Download Marketing to Millennials Book in PDF, ePub and Kindle
Marketing to Millennials is both an enlightening look at this generation of spend-happy consumers and a practical plan for earning their trust and loyalty. The jokes at the Millennials’ expense are plenty, but not nearly as much as the $200 billion in buying power they now wield as they enter their peak earning and spending years. Love it or loathe it, you are doing business in their domain now, and your future depends on your ability to successfully connect with them. Based on original market research, this book reveals the eight attitudes shared by most Millennials, including how they: Value social networking and aren't shy about sharing opinions Refuse to remain passive consumers but expect to participate in product development and marketing Demand authenticity and transparency Are highly influential, swaying parents and peers Are not all alike; therefore, understanding key segments is invaluable Complete with expert interviews of those doing Millennial marketing right, as well as the new rules for engaging this increasingly vital generation successfully, Marketing to Millennials is the key to persuading the customers who will determine the bottom line for decades to come.
