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US Banking Consumer Habits by Generation 2024

Insights for Driving Acquisition and Retention Among Each Generation

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About This Report
Our second annual study of US banking consumers reveals the key characteristics that make each generation’s customer journey unique. Banks can tailor their acquisition and retention strategies accordingly.
Table of Contents

Our second annual survey of 1,325 US banking consumers reveals the key behaviors and preferences of Gen Zers, millennials, Gen Xers, and baby boomers throughout the customer journey. These insights can help bank marketers tailor their acquisition and retention strategies.

Key Question: What key banking consumer behaviors among each generation should marketers be aware of?

Key Stat: Baby boomers are almost twice as likely as Gen Zers to buy banking products from their primary bank based on brand trust alone. Bank marketers must account for these generational differences when building their acquisition and retention strategies.

authors

Maria Elm

Contributors

Suzy Davidkhanian
VP, Content
Vladimir de Leon
Chart Editor
Eleni Digalaki
Erika Huber
Director, Report Editing
Madan Kumar
Copy Editor
Na Li
Director, Primary Research
Penelope Lin
Director, Data Visualization
Tiffani Montez
Jennifer Pearson
VP, Research
Emman Velasco
Chart Editor
Julia Woolever

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