Millennials Become Acquainted With “The Golden Rule”
It makes sense to me that 20-something’s are unfamiliar with such technological relics as VHS tapes, MP3 files, and analog watches (what 
everyone used to just call “watches” — you know, the ones with a minute hand and hour hand).
But, I have to confess that I didn’t think paper bank statements belonged in the same category.
At least so far, neither do lenders.
Online Banking Only
Which is why at least some Millennials applying for mortgages these days are at least temporarily flummoxed when loan underwriters require an actual, physical bank statement as part of their credit review process.
As opposed to, say, a cell phone screen shot, email excerpt, or some other incomplete, electronic fragment. 🙂
P.S.: It’s not going to stem the tide, but as a former CPA and bank auditor, here’s my two-fold case for off-line banking: 1) security; and 2) paper trail for tax purposes.
See also, “Can You Buy a House With Bitcoins?”; and “Explaining Buyer Behavior (or at least, Millennials’).”
