Banking and Social Networking
Today's Personal Section (6/14/07 D1) of the Wall Street Journal discusses the variety of community sites that affiliate people who want to better manage their finances. Such interaction and candidness will be natural for the 20 -30 year old demographic and they will expect more from their financial institutions than monthly statements and a myriad of fees.
And it doesn't take a bank to help folks collaborate about their finances: WalMart or eBay or Amazon could do likewise across their own customer bases. Financial institutions will need to increase the caliber of their offerings beyond service counters in grocery stores and ATM machines everywhere. cperrien