In 2014, western Union made a surprising discovery when surveying millennial about their financial life. More than 20 percent of them had never written a check.
But millennial are group of people born between the 1980s and early 2000s; – given a nick name the “Unbaked generation” for a reason.
Thanks to the increasingly ubiquitous nature of smart phones and payment Apps; young people are not just chewing chews, but other functions associated with; physical banks.
This creates some interesting challenges in how colleges and universities approach financial aid; for today’s students. I began working at Fullerton college California’s oldest continuously; operated community college, in 2019, as the state was beginning to feel; the effects of the recession.
At the time, our enrollment was rising to all- time high. Many students and families in the Fullerton community were employed or unemployed; returning to school to gain new skills and compete in slackening labor market.