Millennial Bill Pay Methods by Wealth Tier

October 23, 2014 IXI Services

The Millennial generation (birthdate 1981 – 2000) is handling its finances differently from earlier generations. Gone are the days of saying, “The check is in the mail,” or stopping by to personally drop off a bill payment.

So, we decided to look at the ways that Millennials pay their bills today and how their wealth tier influences their bill pay preferences.

dyk-millenial-payment-methods

Source: FinancialCohorts® and data provided by GfK MRI

Mass Affluent Millennials Webinar

Interested in learning more about the financial behaviors and preferences of Mass Affluent Millennials?

Click here to view a recording of our recent webinar where we shared tips on how to better predict which Millennials are on the path to affluence and how to best market to them.
 

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