A new study in the UK by analytics software firm FICO shows that UK consumers today are 31 percent more likely to open an account digitally than a year ago. However, the surprising outliers in the rush to digital-first account opening are Generation Z (Gen Z). Financial education is key as it appears that digital savviness is not enough to counter the need for in-person help and advice when selecting banking providers. Continue reading
Tesco –7 July 2021
• New report finds that post-pandemic young people nationwide have lowered their ambitions
• ‘Outlook inequality’ is holding many back. Young people from lower income families have less optimism, less career ambition and feel less equipped to compete in the job market
• Tesco commits to help over 45,000 young people jumpstart their career and build employability skills in partnership with The Prince’s Trust
Generation to transform employment systems, support new research, and serve 75,000 people over the next two years with $77 million in new funding and $50 million in in-kind resources
WASHINGTON, Feb. 11, 2021 /PRNewswire/ — Generation, the non-profit global employment organization, has secured $77 million in new funding and $50 million in in-kind resources from BlackRock, McKinsey & Company, Microsoft Corp., and Verizon, to accelerate its work in tackling unemployment across 14 countries around the world. This combined commitment will allow Generation to support people who face systemic barriers to employment — particularly young adult and midcareer workers — as COVID-19 continues to threaten jobs and global economic growth. Continue reading
Millennials shun any kind of debt, especially credit cards, and their reluctance to pull out the plastic could have lasting repercussions for the financial system and the economy, according to an expert.