(Length: 11 pages)
This is a Client Choice document This is a Consumer Technographics document

April 5, 2006

The Financial Lives Of Young Consumers

by Catherine Graeber

with Ron Shevlin, Peter Hult


Executive Summary (This is a document excerpt)

Financial product ownership among young consumers is widespread. Most young consumers own a savings account at an early age, and many youth own a credit card or checking account before they head to college — especially in Canada. Financial firms need to target wired youth earlier than they historically have in order to capitalize on their potential loyalty and referral power.

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TABLE OF CONTENTS

NOTES & RESOURCES

itemWired Youth Begin Their Financial Lives At An Early Age

itemParents Are A Powerful Influence In Their Kid's Choice Of Financial Providers

itemOnline Youth Aren't Totally Wired To Use Electronic Channels

itemWired Youth Are Loyal Customers

recommendations

itemYoung Consumers Can Be Nurtured Into Profitable Customers

Forrester conducted an online survey of 5,216 US and Canadian individuals between the ages of 12 and 21. This survey was fielded in April 2005.

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Find Documents In Related Categories

This document falls under the following categories. Click on a link below to find similar documents.

Industry: Financial Services, Financial Services Marketing, Online Financial Products & Services, Retail Banking, Retail Credit
Geography: North America

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