2024-04-09 15:00:00 | consumers financial education
... d savings for retirement among middle-income Americans. With 88% of respondents feeling the pinch of rising food prices, the need for a more comprehensive financial education has never been more apparent.Primerica’s findings offer a crucial insight into the financial uncertainties facing middle-income Americans today, underscoring the need for improved financial literacy and education to navigate the complexities of modern economic life....
2024-03-19 | financial planning retirement
... ss of forming a retirement plan or thinking about itSixty percent of survey respondents indicated that their employers are the primary source for financial education and guidanceForty percent of respondents stated that they are willing to engage a financial advisor and are interested in using digital planning tools to help with income, savings, and spendingMeyer continued, "Advances in technology have given investors greater access to effective and convenient solutions for personalized financial planning, and we expect the demand to increase, especially for tools involving retirement income."P...
2024-03-12 23:15:00 | retirement
... is one of the finest ways to get started. You may better prepare for and enjoy your retirement with the assistance of that professional counsel, financial education, and lifelong income options.Those who work with financial professionals are significantly more likely than those who don't to state that they are more prepared for retirement than they were three years ago. Those who deal with a financial professional are more likely to say this—40% against just 22% for those who don't. Additionally, people who deal with a financial advisor are more likely to report believing they will be able t...
2023-05-24 10:23:10 | investing
... professionals have a collective role to play in helping Gen Z acquire the necessary knowledge to make well-informed, responsible investment decisions." Gerri Walsh, President, FINRA Foundation, said: "The Gen Z population is diverse and digitally savvy. They are using mobile technology to enter the financial markets in unprecedented numbers and consulting a wide range of information sources as they do so. It is vital to understand their investing decisions and to provide them with the educational tools to prepare for those decisions."Key findings from the research include:More of G...
2022-05-04 12:00:00 | education finance
... fluences that will have an impact on their finances later – including parents, peers, the environment, and commercial advertising. Since very few schools offer financial education, parental involvement is key to raising financially healthy young adults and teaching kids about money. Source: NFEC...
2021-10-20 12:10:10 | demographics
... Academic Director of GFLEC and University Professor at GW. "Until financial education is offered in schools, institutions of higher education, and workplaces, we will continue to see generations of adults struggling with their personal finances." The P-Fin Index is an annual barometer of financial literacy among the U.S. adult population. It measures knowledge and understanding that enable sound financial decision making and effective management of personal finances. The P-Fin Index is based on responses to a 28-question survey covering eight areas in which individuals inherently fu...
2021-10-12 12:00:00 | retirement
... ts of a new retirement survey from Regions Bank finds many Americans need help getting on track with savings to retire comfortably. The survey was conducted by Regions Next Step, the bank’s free financial education program. According to the survey, Americans’ top priority for retirement is maintaining a comfortable lifestyle, with just under half of respondents (45%) saying it is most important to them when thinking about their retirement goals. However, 65% of respondents are not confident they will save enough to retire comfortably. That confidence varies by gender, with 39% of me...
2021-06-01 | housing real estate
... ome over the last year has highlighted the need for ample space,” said Joye Hehn, Next Step financial education manager for Regions. “As people hunt for homes that check this and other boxes on their wish lists, Regions is committed to providing free tools and resources people need to be financially prepared for every step as a homebuyer and homeowner.” The Regions Next Step omnibus survey questions were part of a national online survey that took place between March 26-29, 2021. The survey reached 1,244 U.S. adults. The results are weighted and are representative of all U.S. adults (1...
2021-04-01 16:00:00 | demographics investing
... ...
2021-04-01 15:00:00 | retirement investing
... nd behaviors of 1,215 American adults amid the ongoing pandemic. While nearly 9 out of 10 investors find the predictability of a monthly “retirement paycheck” appealing, notable gaps in financial education, investment confidence and employer resources may be preventing them from realizing this goal. “People envision a life of predictability and simplicity after retirement. This may be why the consistency of a monthly retirement paycheck is so appealing to investors," said Toni Brown, senior vice president and head of retirement strategy for Capital Group. "But as the pandemic ...
2021-03-30 12:00:02 | economy demographics
... d wealth parity starts with strong financial acumen and education — and are choosing to tackle that head on.” About the Wells Fargo/Gallup Investor and Retirement Optimism Index Results for this Wells Fargo/Gallup Investor and Retirement Optimism Index are based on a Gallup Panel™ web study completed by 1,536 U.S. investors, aged 18 and older, from Feb. 8-16. This quarter’s poll includes an oversample of Black and African American investors, resulting in a total of 573 Black and African American investors included in this survey. The Gallup Panel is a probability-based, longit...
2021-01-25 12:00:30 | pandemic investing
... t to adult children, it is important to seek advice," Okwuraiwe said. "These dynamics can be difficult to navigate. Investing in your financial education, consulting with a financial advisor, developing a financial strategy, and adjusting that strategy as situations arise are helpful strategies to increase financial resilience and stability." Source: Edward Jones...
2021-01-15 | financial planning apps advice
... able to find reliable and sound financial advice, as well as a lack of understanding or financial education were their biggest barriers to achieving financial wellness, which underscores the need for a resource like Incentive to help individuals take control of their financial health and wellness. Source: eMoney...
2021-01-12 12:05:00 | women retirement
... awareness of their knowledge level, admitting what they don’t know and prioritizing financial education and advice – the sign of an ideal client relationship.” Closing the Knowledge Gap: Retirement Income Planning and Finding Guaranteed Income are Key Focus Areas for Women Retirement literacy remains low overall, with 89% of women and 72% of men receiving a failing grade on a 38-question retirement literacy quiz. The research suggests retirement income plans are less formal or not well understood for men and women alike, further underscored by consumers’ lack of confidence: ...
2021-01-07 12:00:00 | financial literacy
... tal currencies, it's become critical to make sure people gain the financial knowledge they need," comments Vince Shorb, CEO of the NFEC. "These survey results demonstrate that financial education is more important now than ever before. Improving financial knowledge can empower individuals and the Country." Deficits in personal finance capability increase people's risk of incurring bank fees, facing high interest rates on loans and credit cards, and losing money in investments. It should be noted that the survey results may represent an underestimate of actual losses, since people may lack f...
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