Millennials now 'most valuable' group to UK financial institutions
Due to larger wallet size
Rocky Scopelliti: “Their consumption of mobile digital and wallet size have undoubtedly become lead indicators of performance for financial institutions.”
UK millennials are the 'most valuable' demographic group to financial institutions, with the average millennial wallet size now 40% greater than the wider UK adult demographic, research by Telstra has found.
The technology company found UK millennials' average wallet size - which Telstra defined as the sum of savings, deposits and loan holdings - has now overtaken all other demographic segments by the largest...
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