Generations Of Financial Needs

Gen Y’s product demands now include first mortgages and auto loans, whereas Baby Boomers are turning toward retirement products.

Gen Y’s members are now roughly 19 to 31 years old, and credit unions are finding a growing demand among them for financial products. They are starting to shop for their first cars and homes, meaning they need mortgages andauto loans. They might have once held only a credit card with their credit union, but with new jobs they are now opening a checking account and setting up direct deposit.

Click on the infographic below to see how their needs stack up against other generations’ financial needs.

May 14, 2014

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