2024-03-12 | healthcare
... ed workers in the long-term care space, as 10,000 Baby Boomers turn 65 every day until 20306 and seven out of ten of them are likely to need long-term care services and support at some point.” ...
2024-03-06 | financial wellbeing
... comes to their ability to manage healthcare expenses. A substantial 72% of respondents expressed a desire for lower out-of-pocket healthcare expenses, reflecting the broader sentiment that healthcare costs are increasingly becoming a financial burden.Key findings of the survey include:Growing Concern Over Increasing Expenses: Half of adults surveyed said they are covering more out-of-pocket costs now than in the past.Delay in Medical Treatment Due to Costs: 57% of adults surveyed said they have delayed medical treatment with concerns around their ability to pay for medical expenses being the ...
2024-02-15 | retirement financial wellness
... evolving and intricate landscape of retirement is essential for ensuring a secure financial future." Financial Advisors Can Help Bridge Knowledge GapsThe study establishes a compelling link between retirement literacy and working directly with a financial advisor. Advised respondents have higher scores across all knowledge areas, are more financially well, and feel more confident about retirement.Participants with ongoing advisory relationships scored 11 points higher on retirement income literacy than those without (38% vs 27%).Those who work with financial advisors score nine points hi...
2023-05-30 | demographics retirement
... g to pay for it (62% vs. 44% of non-retired Boomers).Along with this lack of confidence is a dawning realization among Gen Xers that time may be running out on their retirement planning:25% say they have plenty of time to save money for retirement later, down from 43% in 202125% say retirement is too far away for me to start worrying about it now, down from 37% in 202147% say they can’t even think about saving for retirement right now and are just trying to take care of day-to-day expenses, up from 38% in 202264% worry they won’t have enough saved for retirement, up 55% in 202155% wish the...
2022-08-05 12:00:10 | investing
... nials and younger) are more likely to increase their market allocation (38%). (18 percent among Boomers and older). The economy (85%), healthcare (74%), taxes (72%), and Social Security are the top issues for high-net-worth investors ahead of the midterm elections (71 percent ). Brazil 53% of Latin American investors are optimistic about the economy and stock market, compared to 60% in the US. Their optimism stems from a return to normalcy, strong consumer demand, and potential market dips. Europe High-net-worth investors in Europe are less optimistic about the stock market...
2022-07-27 12:00:00 | financial planning
... ing 54.6 77.5 +22.9 Unplanned financial emergencies can be paid for by your ability to pay 52.9 77.6 +24.7 All-round certainty 57.2 78 +20.8 Gerend stated that there are many factors that can impact the level of stability and security people feel in their life. A trusted advisor...
2022-05-04 12:00:01 | advice demographics
... reminder of financial basics Nearly half (49%) of Millennials say they felt stressed about their financial security during the pandemic. The experience may have further reinforced for them the value of professional advice. They say the greatest value advisors provided was by helping them better understand their whole financial picture and preventing them from making emotional investment decisions. In retrospect, they say the pandemic served as a reminder of basic financial lessons, including the importance of having an emergency savings account (53%), keeping their spending in check (51...
2021-12-21 09:22:18 | boomers technology
... o their lives. Some of the technological behaviors that emerged during the pandemic appear to persist, such as video chatting, online shopping, ordering groceries, banking and healthcare, with older people making more online purchases and financial transactions than in previous years. Over the past two years, the number of seniors using a home assistant and wearable devices has doubled. Research shows that learning to use and control smart home technologies is a major interest for people over 50. Smartphones continue to find new ways to manage their daily life and entertainment. This y...
2021-09-09 | retirement
... esident of Personal Capital. "However, retirees and near-retirees who are worried about looming inflationary pressures can stay focused on their overall investment strategy." "It's wise to avoid letting current events drive long-term decision making," Shah continued. "Having a plan that's designed to endure varying conditions leading up to and during retirement is the key to increasing your financial confidence at any stage." Although they are concerned about inflation, respondents remain cautiously optimistic about their retirement and the overall economy: Seventy-five percent (75%) say tha...
2021-06-22 10:08:19 | healthcare
... co, California, a 50-year-old man can expect to spend an average of $368,421 ($128,755 present value) and his wife $486,520 ($166,309 present value) for long-term care. Source: HealthView Services...
2021-06-10 12:00:00 | employment workplace
... separate question, 84% of managers say they would find it helpful to receive training in how to manage remote workers – including 56% who would find such training very helpful. Source: MindEdge...
2021-05-12 12:00:01 | advice financial planning
... urvey, more than half were financially impacted over the past year, whether the economic environment strained their finances (31 percent), they faced a salary cut or reduced hours (26 percent), or they were laid off or furloughed (20 percent). Against this backdrop and as we usher in a new era, more than two-thirds (68 percent) of Americans have reprioritized what matters most to them, with 69 percent saying mental health is more important than it was before, followed closely by relationships (57 percent), financial health (54 percent) and physical health (39 percent). “The past year h...
2021-05-07 | retirement healthcare
... rt B covers expenses such as hospital stays, doctor visits and services, physical therapy, lab tests and more, and in Medicare Part D, which covers prescription drugs. Source: Fidelity Investments...
2021-04-12 14:00:00 | workplace employment
... ce during the pandemic were healthcare (37%), retail (21%), and food services (21%). "Right now, every company is undergoing an experience transformation. There is no one-size fits all approach. From hybrid work environments, to online delivery and curbside pickups, employees and customers have more options than ever," said Julia Anas, Chief People Officer, Qualtrics. "As companies work to rewrite their playbooks, those who take the time to understand and act on how people think and feel will be empowered to make the right decisions, at the right time, in the right way, and ...
2021-04-06 12:00:00 | pandemic affluent
... friends about real estate decisions, healthcare costs, and their approach to saving for retirement. However, they have become increasingly comfortable talking about changes to life plans due to financial concerns (72% today vs. 66% 20 years ago) and how market volatility impacts their personal investments (71% today vs. 63% 20 years ago). Compared to other generations today, millennials are even more comfortable talking with friends about all types of financial topics. The Modern Investor: Getting Educated and Socially Conscious Respondents are turning to a range of resources to learn a...
2021-03-18 | retirement
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2021-02-23 | financial wellness financial resilience
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2021-01-18 | healthcare insurance
... hcare marketplace but they aren't aligned on the changes they want. 38% of consumers who have used the health insurance marketplace think there aren't enough choices, but 33% feel there are too many choices. 59% like having choices, but 29% would prefer a single option. And 40% of those who have a marketplace health insurance policy said they liked their employer-sponsored policy better. According to ValuePenguin.com Health Insurance expert Sterling Price, "As seen in this survey, purchasing individual health insurance can be a confusing and daunting process to undertake for many Americans....
2021-01-13 08:00:00 | healthcare payments
... eir customers to the digital economy and enhance the consumer health and pharmacy experience through our differentiated technology and established role in healthcare.” The new Walgreens credit cards are slated to be available in the second half of this year. Source: Walgreens...
2021-01-12 12:05:00 | women retirement
... ying they worry about paying for long-term care expenses. Only 12% of women feel highly knowledgeable about long-term care, and the research reveals a sizable gap exists between believing long-term care is likely and having a funding plan to support it: 50% of women expect to require long-term care in the future, yet fewer than three in 10 (27%) have a plan to fund a long-term care need. Only one in four (27%) women claim they own any type of insurance that would cover long-term care needs. Black and Hispanic women are less likely to believe they will develop a care need, even ...
2020-12-26 | retirement pandemic
... f my needs – 58% I am concerned about rising costs like healthcare - 49% I had an unexpected situation arise that has cut into my retirement savings - 20% For those who plan to work past the age of 65 by choice, the top reason cited by nearly half (49%) is that they enjoy their job/career and would like to continue. Other reasons include: I want additional disposable income - 43% It is a social outlet that will help me stay active/prevent boredom - 34% I want to do something that will let me give back to the community - 21% "While the nature of retirement continues...
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