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Meet the Millennial Buyer
1. SOURCES: Fannie Mae, Forbes, Reuters, Shopify and Home Furnishings Business
MEET THE MILLENNIAL BUYER
% OF THE POPULATION
MILLENNIALS IN THE U.S
OF MILLENNIALS HAVE THEIR
PHONES BY THEIR SIDE
EVERY SECOND OF THE DAY
80,000,000
87%
62% OF MILLENNIALS SAY
IF A BRAND ENGAGES
THEM ON SOCIAL,
THEY ARE MORE LIKELY
TO BECOME LOYAL
CUSTOMERS
MILLENNIALS ARE UNAWARE OF
LOWER DOWN-PAYMENT OPTIONS
7 OUT OF 10
ANNUALLY
200$BILLIONBY 2017
THEIR SPENDING
POWER WILL BE AT
OF MILLENNIALS WOULD RATHER
PURCHASE AN EXPERIENCE
THAN A PRODUCT
IS THE AVERAGE
MILLENNIAL’S
CREDIT SCORE
78%625
IS THE MEDIAN HOUSEHOLD INCOME
OF MILLENNIALS PURCHASING HOMES
$77,400
4YEARS
IS THE AVERAGE TIME FOR
A MILLENNIAL TO SAVE
FOR A DOWN PAYMENT.