2024-05-13 | economy retirement
... e 55+ or currently in retirement are most worried about paying for basic living expenses (83%), medication and other health-related items (58%), and supplemental health insurance (39%) in retirement. To meet these financial commitments, this same cohort is foregoing big and small pleasures today, spending less on luxury goods (47%), leisure (44%), entertainment (44%), and vacations/trips (38%). External Factors Sway Retirement Optimism For many investors, the uncertain economic landscape presents an ongoing challenge to retirement planning. Three in 4 investors are concerned about a US econo...
2024-04-11 08:45:00 | housing inflation insurance
... est possible rate. Investments in disaster resilience and smart home technologies not only enhance safety and convenience but can also lead to substantial insurance savings....
2024-04-10 | consumers economy
... ms less food and energy rose 0.4 percent in March, as it did in each of the 2preceding months. Indexes which increased in March include shelter, motor vehicle insurance, medicalcare, apparel, and personal care. The indexes for used cars and trucks, recreation, and new vehicleswere among those that decreased over the month.The all items index rose 3.5 percent for the 12 months ending March, a larger increase than the3.2-percent increase for the 12 months ending February. The all items less food and energy index rose3.8 percent over the last 12 months. The energy index increased 2.1 percent for ...
2024-04-09 23:15:00 | demographics retirement
... tnered), or investable assets of $150,000 or more. The study aimed to capture diverse perspectives by including oversamples from Black/African American, Hispanic, and Asian/Asian American populations....
2024-04-09 09:25:00 | cryptocurrency demographics real estate
... oment, but taking big financial risks isn't necessarily going to help," Ma stated. He emphasized the importance of more time-tested options like stocks, bonds, and life insurance, which can provide financial security and coverage for living expenses.The survey results, which have a margin of error of +/- 2%, highlight the varying financial attitudes and practices across different generations, reflecting broader economic trends and the influence of technology and social media on financial decision-making....
2024-04-05 | debt inflation retirement
... et worse. While 74% said they expect inflation to get worse over the next 12 months in Q4 2023, 68% said the same in Q1 2024. This is the lowest percentage expecting inflation to get worse since 2021....
2024-03-21 | advice retirement
... retirement. Just six in 10 Americans are confident their savings and investments will last until age 90....
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
... adults do not fully understand what their health insurance plan covers, indicating a need for improved educational resources on the specifics of medical coverage and assistance selecting benefits that can help fill gaps in coverage. ...
2024-02-15 | retirement financial wellness
... , CLU®, CHFC®, AEP®, Professor of Practice at The American College of Financial Services. "This necessitates understanding basic concepts about investing, taxes, insurance, and finances. To measure how prepared Americans are for retirement, an important consideration is how knowledgeable consumers are about retirement. Call it 'literacy,' 'aptitude,' or 'competence,' do Americans know enough to take on the burdens that come with the freedom of voluntarily saving for retirement?"This is why, for the last nine years, The College has conducted a comprehensive survey of retirement income liter...
2024-01-18 | housing
... dicated on a 20% down payment on a mortgage for the purchase of a home. The three main costs of property ownership are insurance, property taxes, and mortgage payments.The report covers 45 counties with a population of at least one million. The largest disparities are found in Honolulu, Hawaii, where median three-bedroom rents consume 67 percent of average local wages, while typical single-home affordability consumes 134 percent; in Kings County, New York, (72% for renting versus 136%), Alameda County, California, (51% for renting versus 108% for owning); Santa Clara County, California, (29%),...
2023-06-01 | housing
... mbined $6,413 annually. The average cost of upkeep is highest in Los Angeles and Chicago, totaling $8,639 and $7,722 respectively. Meanwhile, homeowners in Las Vegas can expect to pay just $3,467 per year to maintain their homes. "Just like you would visit a mechanic for regular tune-ups to help keep your car in good condition and avoid big bills, your home needs the same routine maintenance to ensure that everything is running smoothly," said David Steckel, Thumbtack's home expert. "Staying on top of annual home maintenance will not only increase the value of your home, but will also hel...
2023-05-30 | demographics retirement
... n’t afford to lose their employer’s health insurance, compared to 34% of boomers.57% of millennials feel like they get less support from their employer for retirement savings than their parents did, compared to 47% of Gen Xers and 43% boomers.Boomers recognize the financial challenges of the younger generations, with seven in ten believing the overall financial climate these days makes it much harder for younger adults to balance savings and spending compared to when they were young.Generation X Feeling the SqueezePlanning for the new retirement reality is particularly challenging to Gener...
2022-07-27 | consumers economy
... . Prudential has a long tradition of monitoring Americans' financial health to better understand their needs. The survey, which surveyed 4,000 adults, explores the unique perspectives and goals of an American population and the challenges and feelings they face as they plan for the future. These are key demographic findings: Women still face unique challenges in advancing their careers and improving their financial security, despite greater wage growth and a more flexible, remote work culture. Nearly 40% of respondents felt not adequately compensated for the work that they do. ...
2022-04-27 12:00:00 | consumers economy
... Allianz Life conducted an online survey, the 2022 Q1 Quarterly Market Perceptions Study in March 2022 with a nationally representative sample of 1,002 Respondents age 18+. Source: Allianz Life ...
2021-10-20 12:10:10 | demographics
... Go-to information sources: recognizing appropriate sources and advice. Source: TIAA...
2021-10-14 | retirement
... ta for this research is for households rather than individuals. Source: National Institute for Retirement Security...
2021-10-13 | advice financial planning
... or insurance lack access to well-qualified professionals who could help them with those decisions," he stated. "Having access to solid guidance is essential at an early age, because the decisions people make while they're young adults will significantly affect their futures as they mature." Individuals who do turn to qualified professionals for guidance in making major financial decisions become better able to choose options that align with their personal finance goals, both in the short- and long-term. The lack of access to trusted advice indicated by these research findings is therefore con...
2021-06-08 12:00:01 | health
... th the out-of-pocket medical costs that appear to be deterring many men from taking care of themselves." Source: Aflac...
2021-06-07 12:00:00 | investing
... their assets in environmental sustainability efforts. Fewer understand how insurance companies make investment decisions (46%), and know any insurance companies successfully investing in environmentally responsible ways (31%). * Allianz Life conducted an online survey in April 2021 with a nationally representative sample of 1,000 respondents age 18+ with an annual household income of at least $50,000. Source: Allianz Life Insurance Company of North America...
2021-05-12 12:10:00 | economy
... rations each increased 0.9 percent in April after rising 0.4 percent in March. The motor vehicle insurance index continued to rise, increasing 2.5 percent in April. The index for car and truck rentals increased sharply in April, rising 16.2 percent. The index for new vehicles rose 0.5 percent in April after being unchanged in each of the last 2 months. The index for communication rose 0.4 percent in April after being unchanged in March. The apparel index rose 0.3 percent in April after declining in each of the 2 prior months. The indexes for education, alcoholic beverages, personal ...
2021-05-10 14:00:00 | employment
... Statistics Employment Situation report. The technical notes to this series are available on The Conference Board website: http://www.conference-board.org/data/eti.cfm. Source: The Conference Board...
2021-05-04 | financial planning
... me for a check-up on your health insurance. For charitable contributions, you can magnify your giving power by grouping them into years when you have enough deductions to itemize, rather than giving about the same amount every year. Source: AICPA...
2021-04-14 12:01:00 | demographics investing
... ortunities, content within "Future of Finance" explores how death doulas might join forces with financial planners to facilitate proactive end-of-life planning, how financial therapy could boost brick-and-mortar foot traffic, and how haptics can help prevent overspending. "We're in the midst of a cultural reprioritization. As consumers ditch old approaches, finance will be forced to evolve from the dry, hush-hush, one-size-fits-all, male-dominated industry that we all know into a more positive and brighter build—one that is more candid, colorful, human-centric, values-driven, inclusive, and ...
2021-04-13 | pandemic investing
... Xers and 22% of baby boomers). Further, more than half (59%) have also either stopped or reduced saving for retirement (compared with 41% of Gen Xers and 32% of baby boomers). Source: Allianz Life...
2021-04-05 12:00:05 | consumers
... rces: recognizing appropriate sources and advice. Source: TIAA Institute...
2021-04-05 12:00:00 | economy
... ch has proven accurate in its own area. Aggregating individual indicators into a composite index filters out "noise" to show underlying trends more clearly. Source: BLS; The Conference Board...
2021-04-01 12:00:01 | housing real estate
... ...
2021-03-31 15:00:01 | pandemic workplace
... mployees are legal services and student debt assistance (both up 19 percentage points since last year), as well as life insurance (up 11 percentage points since last year). “The pandemic has shed a clear light on what employees need from their employers – not only right now, but in the future,” said Katz. “As the workplace continues to evolve and become more personalized, employers need to heed the wants and needs of their employees, and then reflect these key learnings in benefits and work experiences they provide.” Research Methodology MetLife’s 19th annual U.S. Employee...
2021-03-31 15:00:00 | pandemic retirement
... and life insurance products that may be less impacted by any increases in capital gains taxes. "The survey shows consumers aren't receiving the tax planning help they need for retirement, and as a result, they may be paying thousands of dollars more than needed," said Henderson. "Financial professionals have a major gap to fill in educating clients on the best strategies to reduce unexpected taxes on combined income resources. By taking a holistic approach to financial planning, professionals can help more Americans save and achieve the retirement they want." So...
2021-03-25 | pandemic insurance
... in the United States, with an emphasis on life insurance. The final study results will be released at the 2021 Life Insurance Conference on April 12, 2021. Visit this site to download the 2021 Insurance Barometer infographic. Study MethodologyIn January 2021, LIMRA and Life Happens engaged an online panel to survey adult consumers who are financial decision makers in their households. The survey generated over 3,000 responses. The results were weighted to represent the U.S. population. Source: LIMRA...
2021-03-24 09:43:31 | pandemic housing
... ...
2021-03-19 12:00:00 | consumers pandemic
... ...
2021-03-16 14:00:00 | housing
... ...
2021-03-08 | employment
... Number of Employees Hired by the Temporary-Help Industry; Percentage of Respondents Who Say They Find "Jobs Hard to Get"; Job Openings; and Real Manufacturing and Trade Sales. The Conference Board...
2021-02-25 | investing demographics
... vey finds that Black Americans are less likely than white Americans to own almost every kind of financial vehicle, with the exception of whole life insurance, which is favored in the Black community. They are also less likely than white Americans to have written wills, financial plans, or retirement plans. For Black Americans, disparities grow every month; while they save $393 overall per month, whites are saving 76 percent more, at $693 per month. Even Black Americans who earn more than $100,000 a year consistently save or invest considerably less than their white counterparts at the same ...
2021-02-23 15:00:00 | advice banking
... rs said they would: 41% share online retail purchases 37% share geo location details 36% share airline programs information 36% share credit card information Source: NTT DATA...
... forward, compared to before the pandemic: Insurance enrollment (41% vs. 34%) Creating/updating a financial plan (40% vs. 33%) Creating/updating an estate plan (27% vs. 20%) Source: KeyBank...
2021-02-23 | insurance automotive
... h the insured and uninsured segments experienced an uptick in December, shoppers with existing insurance grew 15.1% while those who were uninsured declined -7.6%. With COVID-19 stimulus packages distributed, 2020 concluding rates indicate early signs of an uptick in the uninsured shopper segment heading into 2021, which aligns with the trends we saw earlier in the year with the Q2 stimulus payouts. Additional key insights from Q4 include: Shopping patterns by age normalized: While Q3 growth rates for all age groups stabilized within a few percentage points of each other for the first time, in...
2021-01-29 09:30:30 | benefits workplace
... or retirement, emergency savings and health-care expenses. “Supplemental health benefits like accident insurance, hospital indemnity insurance and critical illness insurance can be confusing — especially for younger workers, who might have enrolled in these coverages for the first time due to the pandemic,” said Andrew Frend, SVP of Product and Strategy, Voya Employee Benefits. “Plus, with COVID-19 shining a spotlight on the need for greater financial security, the challenge for employers moving forward will be connecting health and wealth benefits as their employees continue to hav...
2021-01-26 14:00:00 | insurance
... s to better serve customers and increase trust." Read the full report at: https://www.accenture.com/us-en/insights/insurance/guide-insurance-customers-safety-well-being Source: Accenture...
2021-01-18 | healthcare insurance
... licy that you can afford, and balances any potential health care costs you may experience during the plan year." Source: ValuePenguin.com...
2021-01-14 14:00:00 | life insurance
... for ages 0-44 and increases in Traditional Whole Life for ages 61+ (7-8%) as well as a decrease in term applications for ages 61+ (in double digits for those 71+). Source: MIB Group...
2021-01-12 12:05:00 | women retirement
... men are less likely to believe they will develop a care need, even though national studies suggest Black and Hispanic women are especially likely to be caregivers, and caregiving can negatively impact their health. “There is a troublingly low level of self-reported and tested knowledge surrounding long-term care needs,” said Jorgensen. “Long-term care is a critical issue for this audience, and advisors can help women close the gap from theoretical to practical in terms of expected long-term care need and how it’s paid for.” Source: The American College of Financial Service...
2020-12-31 | insurance fintech insurtech
... s spanning homeowners, renters, and pet health insurance. Consumers rate Lemonade #1 across multiple platforms, citing the hassle-free digital experience with lightning-fast claim payments, best-in-class customer service, and an unconflicted business model. Source: Lemonade press release and Investor Relations documents ...
2020-12-31 | housing
... rcent barrier — meaning households would not be spending more than 28 percent of their income on mortgage payments, property taxes and insurance. That required income is more than the $64,447 average wage nationwide based on the most recent average weekly wage data available from the Bureau of Labor Statistics, making a median-priced home nationwide unaffordable for an average household with two wage earners. Source: ATTOM Data Solutions press release ...
2020-12-26 | retirement pandemic
... rance and investments can allow people to make informed choices regarding a retirement that suits their unique circumstances." Source: news.northwesternmutual.com...
2020-12-08 | insurance europe fintech insurtech
... Additionally, and similar to the German and Dutch products, the French product has the added benefit of being based on the company’s Policy 2.0, a new kind of insurance policy made for the 21st century. Policy 2.0, currently available in France, the Netherlands and Germany, is a short, easy-to-understand, and transparent document designed for ordinary people (and not only for lawyers) - a consumer-friendly departure from the dense and dated policies that dominate the market. Lemonade’s renters policy, which can be stopped and started at any time through the app, will start at just 4...
2020-09-16 | workplace
... %) — followed by 35% of employees selecting supplemental health benefits like hospital indemnity insurance, critical illness insurance, or short-term and long-term disability income insurance....
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