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For Financial Services Professionals

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August 6, 2004

Why Banks Can't Afford To Ignore Gen Yers

Understanding The Financial Needs And Behaviors Of The Young Consumer

by Ron Shevlin

with Catherine Graeber, Adele Sage

This is an excerpt

Executive Summary

Banks don't believe that Gen Yers are where the action is. But those who ignore today's 18- to 28-year-olds do so at their own risk. These shortsighted banks are missing an opportunity to attract customers who cost less to serve today and have the potential to be more profitable and loyal customers in the future.

TABLE OF CONTENTS

  • Banks Are Ignoring A Key Segment Of The Population
  • Gen Y Consumers Need Help With Their Financial Decisions

RECOMMENDATIONS

  • Use The Web To Attract Gen Y Consumers
  • Supplemental Material
  • Related Research Documents

This is an excerpt

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RESEARCH CATEGORIES

Industry

Financial Services, Retail Banking

Geography

Asia Pacific, Europe, North America