Millennials now 'most valuable' group to UK financial institutions

Due to larger wallet size

Hannah Godfrey
clock • 1 min read

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.

To continue reading this article...

Join Investment Week today

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Markets

Market Movers blog: Chip stocks and global indices continue to slide following US inflation jump

Market Movers blog: Chip stocks and global indices continue to slide following US inflation jump

Latest news and analysis

Investment Week
clock 15 October 2026 • 1 min read
Fund managers up allocation to bonds after sell-off as they price in Fed hold in October

Fund managers up allocation to bonds after sell-off as they price in Fed hold in October

BofA global fund manager survey

clock 14 October 2026 • 2 min read
Friday Briefing: No, Mr Bond, I expect you to yield

Friday Briefing: No, Mr Bond, I expect you to yield

Friday Briefing

Patrick Brusnahan
clock 05 October 2026 • 2 min read
Trustpilot