Thursday, April 3, 2025

The Hidden Cost of Idle Cash: What the Vanguard Survey Reveals About America’s Savings Habits

Wed, 19 March 2025  |  retirement 

A recent Vanguard survey has unveiled a significant oversight in Americans' savings habits: a substantial portion of their funds remain in low-yield cash accounts, leading to potential losses in purchasing power. 

Key Findings from the Survey

• Low-Yield Savings: Approximately 57% of respondents reported that their savings earn less than 3% interest, with 24% earning under 1%. 

• Idle Cash: Nearly 90% of Americans currently save or plan to save, yet a significant portion of these funds ... Read More

  Consumers Growing Cautious Amid Rising Inflation and Economic Uncertainty

  Tue, 18 March 2025  |  consumers economy inflation 

  The Federal Reserve Bank of New York’s latest Survey of Consumer Expectations (SCE), for February 2025, sheds light on evolving sentiments among U.S. households regarding inflation, employment, credit access, and personal finances. While short-term inflation expectations nudged upward, broader indicators reveal growing concerns about financial stability and future economic prospects.

  Households’ short-term inflation expectations inched up slightly, with the median one-year outlook rising by 0.1 percentage point to 3.1%. Meanwhile, medium- and long-term expectations remai... Read More

  US Taxpayers Say Tax Refunds are a Financial Necessity

  Mon, 17 March 2025  |  economy tax 

  Trustpilot, a global independent review platform, has released its 2025 tax season survey data, revealing the financial strain shaping taxpayer behavior. With 79% of Americans reporting inflation and the rising cost of living as their top concerns, 51% of Americans see their tax refund as a financial necessity rather than a windfall. Generational differences highlight that younger taxpayers feel the greatest strain, with half of those aged 18-34 relying on refunds for essentials like rent, groceries, and bills. Filing habits also reflect a generational divide—while younger taxpayers f... Read More

  Consumer Pessimism Grows Despite Stable Long-Term Inflation Expectations

  Tue, 11 March 2025  |  consumers economy 

  The Federal Reserve Bank of New York’s latest Survey of Consumer Expectations revealed a mixed economic outlook among U.S. households. While medium- and longer-term inflation expectations remain steady, consumers are increasingly pessimistic about their financial futures. Short-term inflation expectations rose slightly to 3.1%, but three- and five-year projections stayed at 3.0%, reflecting some optimism about price stability over time. However, this stability is overshadowed by mounting concern across job markets, credit access, and household finances.... Read More

  Economic Uncertainty and Inflation Impact Retirement Prospects for Americans

  Mon, 13 May 2024  |  economy retirement 

  As economic ambiguity and inflation heighten investors' retirement concerns, Americans are coming to terms with a difficult reality: their retirement prospects are more uncertain than they anticipated, and their inability to know what to expect in the future is throwing their plans into flux.

  According to Nationwide's ninth annual Advisor Authority survey, powered by the Nationwide Retirement Institute®, more than 6 in 10 (61%) investors say their expectations for retirement have changed significantly in the last five years. Nearly half report that their dreams for retirement ha... Read More

  AARP Survey Reveals Alarming Retirement Savings Trends

  Fri, 26 April 2024  |  retirement 

  In a recent survey conducted by AARP, concerning insights into the financial preparedness of adults aged 50 and above have been unveiled, painting a worrying picture of retirement readiness in the United States.

  The survey found that a significant portion of adults in this age group, precisely 20%, have no retirement savings whatsoever. Furthermore, a staggering 61% expressed concerns about whether they will have sufficient funds to support themselves during retirement.

  An interesting gender disparity was also noted. The overall sense of financial security among men has seen... Read More

  
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