CBA records surge in millennials opening business accounts

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CBA records surge in millennials opening business accounts
30 April 2021
Source: CBA
New research from Commonwealth Bank of Australia has found the number of millennial small business owners is on the rise, with many young Australians turning their business ideas into a reality.
The number of new CBA Business Transaction Accounts surged 36 per cent over the past six months, with Millennials (born between 1981 - 1996) driving the majority of the growth.
Millennials accounted for 57 per cent of all new business accounts in the last 6 months - up from 43 per cent in 2015. Gen Z (those born from 1997) opened a further 10 per cent of new accounts.

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