Millennials are quickly becoming the most prominent and desirable demographic group among businesses nationwide. It is no wonder why. By 2020, they are predicted to make up half of the U.S. workforce and control $24 trillion dollars globally. Not to mention, millennials are reaching the stage of life where big-ticket items (home mortgages, retirement planning) are becoming more important. Businesses must keep up. Businesses must recognize their buying power.
This infographic from TimeTrade identifies some key trends of millennial consumers and their buying habits, including how they like to interact with retail, financial, and healthcare businesses.
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