Monday, December 23, 2024

Economic Uncertainty and Inflation Impact Retirement Prospects for Americans

2024-05-13  |  economy retirement 

... nd 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 economic recession in 2024, including 81% of those farthest from retirement (non-retired 18- to 54-year-olds). As a result, nearly 1 in 3 (31%) non-re...

New Vehicle Prices Set Record In August

2022-09-12  |  consumers economy travel 

... ically low in August compared to July. Incentives were typically 5.5% of ATP a year earlier. The largest incentives in August went to full-size and luxury cars, while the lowest incentives went to high-performance cars, vans, and electric vehicles. In August, brands with greater stock levels provided greater incentives. For instance, the Stellantis brands often had higher-than-average inventory and incentives in August. Stellantis' incentives in August averaged 4.4% of ATP, up from 4.1% in July, but were still historically low. Source: Kelley Blue Book...

Pandemic Fuels Career Shifting

2021-08-10 09:08:19  |  workplace 

...  of Millennials, 79% of Gen-Xers, and 78% of Boomers. While 70% of Americans say they "don't have the luxury of 'YOLO quitting' their job," more than half (55%) know someone who actually did so – especially Millennials, with 65% reporting they know someone who "YOLO quit" their job. And those who are deciding to quit, 52% report needing "at least $50,000 in their bank account" to comfortably do so. It's no surprise that Americans are rather hesitant making rash decisions when it comes to job quitting, as nearly six in 10 (59%) could only go without a regular paycheck for 3 months or less. ...

New Vehicle Prices Hit Record In May

2021-06-22 09:08:19  |  transportation 

... ase at 4.9% (up $1,805), while luxury vehicles climbed 2.9%, or $1,597, from this time last year. Standard full-size SUVs and pickup trucks contributed to the growth among non-luxury segments. The third and fourth highest-priced models within the segment include the GMC Yukon XL ($79,695) and Yukon ($77,031), both priced substantially above the industry and segment average. Source: Kelley Blue Book ...

Millennials Plan to Spend More on Luxury Travel

2021-05-10 12:00:00  |  demographics travel spending 

... p to the brand promise, while having the flexibility and responsiveness to developments in order to meet travelers' evolving needs." This online survey was sponsored by Accenture and Tripadvisor; it was executed by Qualtrics. The survey was conducted on March 3, 2021 and interviewed 1,000 respondents from 49 states, evenly distributed across Gen Z, Gen X, Millennial, and Boomer generations. Source: Tripadvisor, Accenture...

Luxury-Home Sales Rise 42% In First Quarter

2021-04-20 12:00:09  |  housing real estate 

... m up for sale. This is another reason the housing shortage is more acute in the non-luxury market, Fairweather added. The typical luxury home that was for sale during the first quarter spent 61 days on the market—38 fewer days than the same period in 2020. That compares with 26 fewer days for expensive homes, 18 fewer days for mid-priced homes and 14 fewer days for affordable homes. Source: Redfin...

Gucci Remains Top Luxury Brand Online

2021-04-14 12:02:02  |  consumers luxury 

... ...

Average New-Vehicle Prices Jump More Than 6% Year-Over-Year

2021-03-12  |  transportation 

... perienced the largest year-over-year growth, up 14.9%, with the luxury car segment following closely behind with more than 14% growth year-over-year in average transaction prices. High performance cars saw the largest drop in average transaction price in February at 6.17%. Source: Kelley Blue Book...

Almost Half of Car Shoppers Willing to Buy Online

2021-01-10 10:00:00  |  transportation 

... ment averages 827. Study Rankings Land Rover ranks highest in the luxury manufacturer website segment with a score of 846. Lexus (845) ranks second and Cadillac (844) ranks third. Jeep ranks highest in the mass market manufacturer website segment with a score of 850. Dodge (839) and Toyota (839) each rank second in a tie. The U.S. Manufacturer Website Evaluation Study, initially released in 1999, is based on responses from 11,209 new vehicle shoppers who indicate they will be in the market for a new vehicle within the next 24 months. The study was fielded from October to November 2...

Consumers Opting for Larger Vehicles During Pandemic

2021-01-05  |  spending automotive 

... presented the highest average monthly payment of the year at $587 and the highest average down payment of the year at $4,876. "Consumers historically lean toward purchasing pricey luxury cars, trucks and SUVs during the holiday season, which is partially why we're seeing this lift. But we're also just seeing a broader trend of consumers gravitating toward bigger purchases during the pandemic," said Jessica Caldwell, Edmunds' executive director of insights. "It might seem at odds with unemployment levels and the harsh financial conditions that so many Americans are finding themselves in righ...