March 7, 2018 – Despite rampant criticism by older generations when it comes to spending and saving, new data from Vantiv, now Worldpay, and Socratic Technologies suggest that millennials are one of the biggest deal-seeking groups of consumers.
This comes on the heels of the recent 2018 Better Money Habits Millennial Report from Bank of America, which pushes back on the stereotype that millennials aren’t savers. That report suggests that 16% of millennials, those aged 23 to 37, have savings of more than $100,000. The new Worldpay-Socratic data might shed some light on why that’s so. Data from their new Shopping for the Best Deals survey suggest that millennials are counting their pennies more than some are giving them credit for.