Are Millennials Killing Industries or is This Great Die-Off Natural, Asks Ameritech Financial
Press Release - updated: Aug 3, 2018 05:00 PDT
ROHNERT PARK, Calif., August 3, 2018 - It seems every week that there’s a new article about an industry that millennials are killing. Diamonds, gold, wine, golf, the list goes on. For people paying attention, there’s often something that these dying industries have in common: being expensive and not being necessary in daily life. As many millennials are buried under crippling student loan debt, it makes sense that previously optimistic business projections aren’t panning out the way businesses hoped it would. Ameritech Financial, a document preparation service company, helps student loan borrowers, many who are millennials, apply for federal income-driven repayment programs which have the potential to help with financial struggles, but probably won’t help industries that younger generations have decided just aren’t worth the trouble.
“If someone is concerned about having enough money for bills and food, it makes sense that they’re not going to be rushing out to buy diamonds or a golf club membership. People who haven’t struggled financially don’t often grasp what it’s like to have to prioritize buying things, instead of just cutting back or ‘buying smarter,’” said Tom Knickerbocker, executive vice president of Ameritech Financial.
While certain luxury industries may be dying out, others are thriving. Tech companies such as phones and computers are battling each other to hire top employees and to release the latest and greatest product. Restaurants that offer quality worth its price seem to be doing just fine, based on how often some people like posting about their trip to said restaurants. So, while some industries may be experiencing a tank in revenue due to millennials’ lack of disposable finances, it may also be related to them selling products and services that are no longer valued as they once were. “For student loan borrowers who are struggling financially, Ameritech Financial can help them apply for income-driven repayment programs that have the potential to lower monthly payments so they have more opportunities to vote with their dollars on which industries should stick around,” said Knickerbocker.
If someone is concerned about having enough money for bills and food, it makes sense that they're not going to be rushing out to buy diamonds or a golf club membership. People who haven't struggled financially don't often grasp what it's like to have to prioritize buying things, instead of just cutting back or 'buying smarter.'
Executive Vice President of Ameritech Financial
About Ameritech Financial
Ameritech Financial is a private company located in Rohnert Park, California. Ameritech Financial has already helped thousands of consumers with financial analysis and student loan document preparation to apply for federal student loan repayment programs offered through the Department of Education.
Each Ameritech Financial telephone representative has received the Certified Student Loan Professional certification through the International Association of Professional Debt Arbitrators (IAPDA).
Ameritech Financial prides itself on its exceptional customer service.
To learn more about Ameritech Financial, please contact:
5789 State Farm Drive #265
Rohnert Park, CA 94928
Source: Ameritech Financial