Tag: Gen Z
For banks, remaining competitive doesn’t just involve enhancing their processes — it requires investing in the future of their business: Gen Z.
Download the ultimate guide for lenders to debunk popular buy now, pay later myths and how BNPL can benefit consumers and lenders.
Generation Z will soon represent a significant portion of buyers and borrowers in the U.S. Here's why your business should help them.
According to Experian’s Automotive Market Trends Report: Q3 2022, new vehicle registrations were down 16.4%, going from 12.2 million through Q3 2021 to 10.2 million this quarter. Used vehicles experienced a 12.6% decline, coming in at 29.8 million through Q3 2022, from 34.1 million the previous year.
According to Experian’s Automotive Market Trends Report: Q1 2022, new vehicle registrations were down 19% from the prior year—declining to 3.4 million. Used registrations went from 11.4 million to 9.9 million year-over-year, decreasing 13.2%.
While many view Millennials and Gen Z through the same lens, savvy automotive marketers are adjusting their strategies to capture the market of this generation.
Providing value to consumers is no longer just about offering great products & services; it’s about helping them achieve their financial goals.
Generation Z has money on their minds, and as their appetite for personal finance grows, financial institutions better be ready.
Consumers continue to manage credit well and the average credit score climbed seven points since 2020 to 695, the highest point in more than 13 years.
Experian’s Q1 2021 Automotive Market Trends Review revealed that some of the once-consistent new registration generational trends have reversed.
Millennials and Gen Z consumers have proven to be future trend shapers for the auto industry.
The rapid rate at which fintech challengers are becoming established, is in turn, allowing for greater consumer awareness and adoption of fintech platforms.
As Gen Z enters the economy, they bring with them an entirely new set of priorities when it comes to their finances. Move over Millennials.
In Experian’s latest State of Student Lending report, we dive into how the $1.4 trillion in student loan debt for Americans is impacting all generations in regards to credit scores, debt load and delinquencies.
Generation Z makes up 1/4 of the US population. By 2020, they’ll account for 40% of all consumers. The oldest members are coming of age.