Crash CUNA Lending Council - Gen Y Survey

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Crash CUNA Lending Council - Gen Y Survey

  1. 1. Gen-Y Survey CUNA Lending Council Conference, 2012Research Performed By:Brooke Cummings, Laura Eblen, Mike London, Jennifer Pollastro, Matt Vance, Abbey Welch
  2. 2. Sample Age Distribution Age Distribution 50 45 40 35 30 Frequency 25 20 15 10 5 0 20 - 24 25 - 29 30 - 34 35 - 39 40 - 44 45 - 49 50 - 54 55 - 59 60 - 64 65 - 69 70 + Age Band
  3. 3. Geographic Distribution Number of Responses 20 4 1
  4. 4. Level of Education Education 100.00% 90.00% 80.00% 70.00% 60.00% Vocational No Response 50.00% Masters High School 40.00% Bachelors Associates 30.00% 20.00% 10.00% 0.00% Gen-Y Non-Gen-Y
  5. 5. Employment Status Employment 100.00% 90.00% 80.00% 70.00% 60.00% Unemployed 50.00% Student Part Time 40.00% Full Time 30.00% 20.00% 10.00% 0.00% Gen-Y Non-Gen-Y
  6. 6. Were you, or someone you know affected by the Recession? Loss of Job? Bankruptcy 100.00% 100.00% 80.00% 80.00% 60.00% 60.00% 40.00% 40.00% 20.00% 20.00% 0.00% 0.00% Gen-Y Non-Gen-Y Gen-Y Non-Gen-Y Foreclosure/Short Sale? No Affect? 100.00% 100.00% 80.00% 80.00% 60.00% 60.00% 40.00% 40.00% 20.00% 20.00% 0.00% 0.00% Gen-Y Non-Gen-Y Gen-Y Non-Gen-Y Yes No
  7. 7. Mortgage Loan Usage Mortgage Loan100.00% 80.00% 60.00% 40.00% 20.00% 0.00% Gen-Y Non-Gen-Y Mortgage Loan 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% Gen-Y Non-Gen-Y 1 2 3 4 5 6 7 (blank) Yes No 1 is “Not Likely”, 7 is “Very Likely”
  8. 8. Auto Loan Usage Auto Loan100.00% 80.00% 60.00% 40.00% 20.00% 0.00% Gen-Y Non-Gen-Y Auto Loan 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% Gen-Y Non-Gen-Y 1 2 3 4 5 6 7 Yes No 1 is “Not Likely”, 7 is “Very Likely”
  9. 9. Student Loan Usage Student Loan100.00% 80.00% 60.00% 40.00% 20.00% 0.00% Gen-Y Non-Gen-Y Student Loan 80.00% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% Gen-Y Non-Gen-Y 1 2 3 4 5 6 7 (blank) Yes No 1 is “Not Likely”, 7 is “Very Likely”
  10. 10. Credit Card Usage Credit Card100.00% 80.00% 60.00% 40.00% 20.00% 0.00% Gen-Y Non-Gen-Y Credit Card 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% Gen-Y Non-Gen-Y 1 2 3 4 5 6 7 (blank) Yes No 1 is “Not Likely”, 7 is “Very Likely”
  11. 11. Personal Loan Usage Personal Loan100.00% 80.00% 60.00% 40.00% 20.00% 0.00% Gen-Y Non-Gen-Y Personal Loan 80.00% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% Gen-Y Non-Gen-Y 1 2 3 4 5 6 7 (blank) Yes No 1 is “Not Likely”, 7 is “Very Likely”
  12. 12. Non-Traditional Loan Usage Non-Traditional (Friend/Family) Loan100.00% 80.00% 60.00% 40.00% 20.00% 0.00% Gen-Y Non-Gen-Y Non-Traditional (Friends/Family) Loans 80 70 60 50 40 30 20 10 0 Gen-Y Non-Gen-Y 1 2 3 4 5 6 7 (blank) Yes No 1 is “Not Likely”, 7 is “Very Likely”
  13. 13. Payday Loan Usage Payday Loan100.00% 80.00% 60.00% 40.00% 20.00% 0.00% Gen-Y Non-Gen-Y Payday Loan 100.00% 80.00% 60.00% 40.00% 20.00% 0.00% Gen-Y Non-Gen-Y 1 2 6 7 (blank) Yes No 1 is “Not Likely”, 7 is “Very Likely”
  14. 14. Savings Vehicle Usage Savings Certificates of Deposit 100.00% 100.00% 80.00% 80.00% 60.00% 60.00% 40.00% 40.00% 20.00% 20.00% 0.00% 0.00% Gen-Y Non-Gen-Y Gen-Y Non-Gen-Y IRA/401k Stocks/Bonds/Investments 100.00% 100.00% 80.00% 80.00% 60.00% 60.00% 40.00% 40.00% 20.00% 20.00% 0.00% 0.00% Gen-Y Non-Gen-Y Gen-Y Non-Gen-Y Yes No
  15. 15. Why do they save? Emergency/Rainy Day Fund Savings for Big Purchases 100.00% 100.00% 80.00% 80.00% 60.00% 60.00% 40.00% 40.00% 20.00% 20.00% 0.00% 0.00% Gen-Y Non-Gen-Y Gen-Y Non-Gen-Y Retirement Does Not Save 100.00% 100.00% 80.00% 80.00% 60.00% 60.00% 40.00% 40.00% 20.00% 20.00% 0.00% 0.00% Gen-Y Non-Gen-Y Gen-Y Non-Gen-Y Yes No

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