Understanding Gen Y

first_imgGen Y consumers will earn 46% of the income in the United States by 2025, but they’re often misunderstood or ignored by banks and credit unions. And, if banks and credit unions want to survive, they need to change their approach to reaching this valuable demographic.In a report published by Javelin Strategy & Research along with Comrade Agency, we learn that although Gen Y is thought of as one group, there are actually two distinct subgroups making up Gen Y:Gen Y.1 – Made up of 31 million individuals 18–24 years old. They are financially inexperienced college kids, and many still have someone else managing their money. This group is financially uncommitted to any one service provider and are great targets for prepaid cards and basic checking accounts.Gen Y.2 –  Made up of 42 million individuals 25-34 years old. They are educated, employed, and manage their own money. This subgroup is highly engaged in financial services and are tech-savvy with an appetite for financial products. Generally experienced when it comes to banking, but still in need of help with financial planning, retirement planning, home loans and auto loans. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Ireland one down as Nevin turns pro

first_imgJohn Joe Nevin’s absence from the Ireland boxing squad for next month’s World Championships in Kazakhstan has left the nation without a representative in the bantamweight slot. The departure of world number one Nevin to the professional ranks is a big blow to the Ireland squad which hopes to surpass the one bronze – won by Nevin – at the last World Championships in Azerbaijan two years ago. Ireland head coach Billy Walsh said: “John Joe will obviously be difficult to replace. He’s ranked number one in the world and would have been seeded at number one in Kazakhstan. “But our focus is on the World Championships. John Joe is not going and the rest of the squad are, and they are our focus now.” The Ireland squad is headed by two London 2012 bronze medallists, light-flyweight Paddy Barnes and flyweight Michael Conlan – who is expected to follow Nevin into the professional ranks after the tournament. Walsh added: “The World Championships is always the toughest tournament – tougher than the Olympic Games. But if the team perform to their potential they are capable of doing well.” Ireland squad: Light-flyweight: Paddy Barnes; Flyweight: Michael Conlan; Lightweight: Sean McComb; Light-welterweight: Ray Moylette; Welterweight: Adam Nolan; Middleweight: Jason Quigley; Light-heavyweight: Joe Ward; Heavyweight: Tommy McCarthy; Super-heavyweight: Con Sheehan. Nevin was on the original list of 10 names lodged by the Irish Amateur Boxing Association with world governing body AIBA, but subsequently declared his intention to turn professional. Ireland attempted to replace Olympic silver medallist Nevin with Gary McKenna at 56kg – only for AIBA to then rule out the switch due to the deadline for registration having passed. center_img Press Associationlast_img read more

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Prolific Bakambu puts China transfer saga behind him

first_img0Shares0000The French-born Congolese striker joined Chinese Super League (CSL) side Beijing Guoan from Villarreal earlier this year in a protracted move shrouded in mystery © AFP / Greg BakerSHANGHAI, China, Jul 29 – Cedric Bakambu says that he made “a good choice” leaving Spain for the riches of Chinese football — and he is proving it by hitting 11 goals in as many games.The French-born Congolese striker joined Chinese Super League (CSL) side Beijing Guoan from Villarreal earlier this year in a protracted move shrouded in mystery. The cost of the transfer was never disclosed, but reports in Spain and France said that 40 million euros was paid to release Bakambu from his Villarreal contract, allowing him to move on a free transfer.The Chinese Football Association (CFA) consequently announced in February that clubs who evade their 100 percent levy on incoming foreign players face crippling point deductions.The 27-year-old, who by some estimations became the most expensive African footballer ever with the move to the Chinese capital, has been an instant hit and played a major part in helping Roger Schmidt’s side top the CSL with half the season gone.Speaking on the eve of Saturday’s 2-2 draw at Shanghai Shenhua — Bakambu was again on the scoresheet — the forward said: “I think I made a good choice to come here.“It is a new experience and I enjoy a lot my new life here in China.”Speaking to AFP after the game, the former France under-20 international said he did not care what people thought about him moving to China from La Liga at the pinnacle of his career.He is thought to earn about 18 million euros a year and previously admitted the cash was a major incentive.“I know why I am here and it does not matter what others think,” he said in his first substantive comments to international media since arriving in China.“I do what I want to do and the most important thing in life is that I am happy, the rest does not matter.”Unlike some other foreign players who move to China, Bakambu brought his family with him.“I like my life here in China and Beijing because I have good friends in my team, I am with my family, I am scoring goals and we are winning a lot of games,” said Bakambu, reportedly on the radar of English Premier League clubs before choosing China.– ‘That’s quality’ –Bakambu is among a cast of overseas players lured to the Asian country on handsome contracts that most clubs in Europe cannot match.But his transfer was more unusual than most, dragging on for weeks as Guoan refused to say that he had signed even though he was pictured training with them.German coach Schmidt, who took over at Guoan a year ago following his sacking by Bayer Leverkusen, was fulsome in his praise of Bakambu.“He’s a very, very good striker and he does not need many opportunities to score,” said the 51-year-old, whose side have lost just once in 14 games this season.Bakambu on Saturday put Guoan in front with a predatory close-range finish, but the visitors conceded an injury-time equaliser.“It was very hard to get great chances to score but at the right moment he was there and that’s not a coincidence — that’s quality,” said Schmidt.“He has done that very often this season, so he was a very good transfer for our club.”0Shares0000(Visited 1 times, 1 visits today)last_img read more

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