2024-04-09 23:15:00 | demographics retirement
... ian American (51%) communities than among white (41%) and Hispanic (39%) respondents.Baby boomers are notably anxious about inflation's impact on their retirement funds, more so than millennials and Gen Xers. Following inflation, 24% of participants are concerned that Social Security won't provide enough financial support, and 22% are worried about the burden of high taxes. Particularly, Gen Xers fear that insufficient retirement savings will be a significant factor in potentially running out of funds.“Running out of money in retirement is a scary thought,” said Kelly LaVigne, VP of Consum...
2024-04-09 09:25:00 | cryptocurrency demographics real estate
... olicygenius from October 16 through 19, 2023, polled 4,063 U.S. adults and revealed that younger generations are more open to experimenting with financial hacks. Sixty-two percent of millennials and Gen Z have tried at least one financial strategy such as the "no spend challenge" or extreme couponing, compared to just 36% of Gen X (ages 43-58) and baby boomers (ages 59-77).Interestingly, the survey also found that Gen Zers are more inclined towards cryptocurrency (20%) than traditional investments like stocks (18%), and 14% have experimented with "infinite banking," a strategy involving borrow...
2024-04-09 | consumers economy
... tions spend on services they seldom use (18%), a trend most pronounced among the younger demographics, with Gen Z (26%) and Millennials (27%) at the forefront (compared to 16% Gen X, 9% Baby Boomers)....
2024-04-05 | debt inflation retirement
... Americans are dealing with rising prices by taking on debt. The majority of Americans (51%) say they have taken on more debt because of inflation. More millennials (65%) than Gen Xers (49%) or boomers (31%) said this. And, more Hispanic (61%) and Black/African American (58%) respondents say they have taken on more debt because of inflation than Asian/Asian American (53%) or white (46%) respondents.“The rising cost of living is stretching American budgets,” said Kelly LaVigne, VP of Consumer Insights, Allianz Life. “Just because inflation has slowed doesn’t mean prices have gone down. I...
... annels.The 2024 study is based on responses from 9,951 investors who work directly with a dedicated financial advisor or team of advisors. The study was fielded from January 2023 through January 2024....
2024-03-12 08:42:12 | retirement
... llowed as other close concerns. Among the just under one-fifth who claim to have retired – and then unretired – the reasons for going back to work were evenly divided between financial and mental....
2024-03-06 | financial wellbeing
... delayed medical treatment with concerns around their ability to pay for medical expenses being the top reason. Of note, 70% of millennials reported delaying medical treatment, with concerns around their ability to pay being the leading reason.Lack of Preparedness: 4-in-10 adults (41%) do not feel prepared to face an unexpected out-of-pocket medical expense. While almost 7-in-10 men (69%) feel prepared to face an out-of-pocket medical cost, in contrast, less than half of women (49%) feel the same way.Unexpected Healthcare Costs are Placing Many Deeper in Debt: 44% of adults say they would have...
2024-01-22 | consumers economy
... rtheless, 29% of Americans do not currently own a home and do not have any plans to do so in the upcoming year. Just one out of ten respondents said that owning a home is highly attainable. ...
2023-06-06 | housing
... arly doing so will help ensure a secure plan and is imperative to reaching bigger financial aspirations, such as buying a home." ...
2023-06-01 | demographics finances
... om the TIAA Institute and Business for Impact's AgingWell Hub at Georgetown University.The report – the Young Adults Personal and World Outlook Survey – surveyed Gen Z and younger millennials, ages 24 to 35.More than half (56%) feel that they have a role in solving global problems like climate change, social injustice and political division. But when it comes to their finances:42% say they're living paycheck-to-paycheck51% say they don't expect to do as well financially as their parentsOnly 33% say they could handle an unexpected major expense"Many young people are pessimistic about ...
2023-05-30 | demographics retirement
... ce, 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 Generation X -- those born between 1964 and 1978. Unlike Mi...
2023-05-24 10:23:10 | investing
... r industry utilities. FINRA also administers a dispute resolution forum for investors and brokerage firms and their registered employees. For more information, visit www.finra.org.SOURCE CFA Institute...
2022-08-09 12:00:00 | economy inflation
... g uncertain times may make budgeting or investing easier when the economy improves. Now is the time to consult a financial advisor if you need help managing the uncertainty. Source: State Street ...
2022-08-05 12:00:10 | investing
... nd China, France, Germany, Hong Kong, Italy, Japan, Mexico, Singapore, Switzerland, UAE, UK and US. UBS surveyed 2,644 investors and 1,084 business owners from March 30-April 22, 2022. Source: UBS...
2022-07-28 12:00:00 | consumers debt
... say they cannot afford children and one fourth don't know their credit score. It is not surprising that 41% of millennials are pessimistic about their financial future. ...
2022-07-28 | financial advice
... l ages genuinely need, want, and expect will be delivered to help guide them on their journey toward financial wellbeing - allowing them to attain their full financial potential." Source: Envestnet...
2022-07-27 12:00:10 | housing
... ncial journey. For a more in-depth look at the Home Equity Punch List, please visit http://exploreretirement.far.com/homeequitypunchlist to access additional data and insights from the survey. ...
2022-07-27 12:00:00 | financial planning
... ata sets in the future, will examine wide-ranging issues facing Americans, including savings and debt, retirement and work, planning, priorities, and many other topics. Source: Northwestern Mutual...
2022-07-27 | consumers economy
... rement Businesses. "Our goal is understand these diverse needs and provide innovative, tailored solutions that make an impact on the financial lives of our customers." Source: Prudential Financial...
2022-07-13 | demographics investing
... s having at least $1 million in investable assets, including 401(k). HENRY is defined as having $250K+ in household income, or between $100K-$999K in investable assets. Source: RBC Wealth Management...
2022-05-19 12:02:00 | retirement
... ilarly, 38% of retirees said they are happy with the age they started prioritizing retirement, while 43% said they wished they had started earlier, at an average age of 33. Source: New York Life...
2022-05-19 | retirement
... .5 million plan participants as of March 31, 2022. Considers average balance across all active plans for 5.6M unique individuals employed in tax-exempt market. Source: Fidelity Investments ...
2022-05-05 12:00:00 | consumers payments
... ups referenced in the survey are Gen Z (18–24), millennials (25–40), Gen X (41–56), boomers (57–75) and seniors (76+). About Fiserv...
2022-05-04 12:00:01 | advice demographics
... of basic financial lessons, including the importance of having an emergency savings account (53%), keeping their spending in check (51%) and having a will and estate plan (38%). Source: Natixis ...
2022-05-03 12:00:00 | affluent demographics
... s economic environment makes it more important than ever to have meaningful financial discussions among family members while there’s ample time to plan for what’s ahead.” Source: Wells Fargo...
2022-04-25 14:00:00 | demographics financial planning retirement
... ng the way. Will your future-self resemble your current-self? To a degree, yes. But as life evolves, look to see if your plan for your money is working the way you need it to at least once a year. ...
2022-04-20 | inflation retirement
... f (43%) of individuals have had to tap into finances that they previously had set aside for retirement — and not surprisingly, this is even higher among millennials (57%),” added Lavallee. “As a result, employers and employees are increasingly looking at the value of benefits in relation to the total net outcome of individuals’ health and wealth needs. And it’s becoming increasingly important for employers to recognize one’s entire savings picture when it comes to the benefits we provide our employees.” “While a focus will always remain on driving greater outcomes for reti...
2022-01-04 09:32:54 | consumers cryptocurrency housing
... illennials were most likely to take on debt. Source: Lending Tree Texas, Florida, Tennessee, South Carolina and Arizona are the top five growth states in America, based on one-way U-Haul truck transactions in 2021. The Lone Star State earned bragging rights as the leading growth state of 2021, narrowly besting Florida for tops honors. California is 50th and Illinois 49th for the second consecutive year. Source: U-Haul The median home sale price rose 14.6% year over year to a new all-time high of $361,171. This comes as the number of homes for sale fell to a record low. New listings...
2021-12-08 09:08:19 | advice consumers finances
... ope, and an additional 30.6% would consider doing so. Millennials are most likely to make a financial decision based on their horoscope. 30.1% of millennials have made a financial decision based on their horoscope, as have 24.1% of Gen Zers. The most common horoscope-influenced financial choices were saving more money (42.1%), splurging (33.5%), buying or selling stocks (23.1%) and changing jobs (23.1%). Americans think Capricorns are the best with money and believe Geminis are the worst. Cancers worry about money the most, while Sagittariuses report the least amount of money anxiety. ...
2021-12-06 09:22:18 | advice demographics
... rement plan and have no idea when they will be able to retire. Over half of Millennials (57%) considered starting a side gig to boost their contributions to their retirement savings. Source: NAPFA...
2021-12-03 12:00:00 | pandemic workplace
... lenges of the pandemic will likely slow the back-to-the-office movement. Future trends may be more evident in a few weeks after year-end bonuses are paid and 2022 pay increases are discussed. ...
2021-11-26 | economy retirement travel
... g they'd be more likely to frequent a small-to-medium size business that offers text messaging. Consumers ranked phone calls and regular mail as the least preferred methods of business communication....
2021-10-29 09:08:19 | demographics retirement
... address structural issues, bridge inequalities, ensure equal pay and benefits, and ultimately promote their retirement security," said Collinson. Source: Transamerica Center for Retirement Studies...
2021-10-21 12:00:10 | credit demographics
... ng payment choice that includes tech-driven, clear-termed financing like buy now, pay later, that eases debt fears and gives control over cash flow." Source: Alliance Data Systems Corporation...
2021-10-14 12:00:44 | banking
... e offered through non-financial companies such as streaming providers (48%), internet or wireless providers (48%), employer (47%) and national retailers or warehouse stores (46%) Source: Galileo...
2021-10-14 12:00:00 | banking demographics
... th their personal financial data; however, Gen Z and millennials were less likely than baby boomers to completely trust their FIs. "Millennials and Gen Zs are set to become the most important customer group for most banks and credit unions over the next decade, as nearly $70 trillion in wealth transfers to them from their parents. But, as our research shows, what worked for mom and dad will not be enough to win and keep this younger demographic as a customer," said Jake Tyler, CEO at Finn AI. "Traditional FIs need to bring the trust and personal touch they delivered in branch and phone to ...
2021-10-14 | retirement
... nancial assets. It does not include physical assets such as a home or a car. The data for this research is for households rather than individuals. Source: National Institute for Retirement Security...
2021-08-10 09:08:19 | workplace
... yees are the least interested in switching jobs out of all industries, as only 46% are interested in finding a new opportunity, compared to 66% total. Source: Personal Capital, an Empower Company...
2021-07-06 | workplace
... percent. CEOs: 30 percent. Gender: Women: 62 percent. Men: 43 percent. Generation: Millennials: 70 percent. Gen X: 59 percent. Baby Boomers: 42 percent. "What's striking is that the same workers who question returning to the workplace given high productivity while working remotely have also expressed greater concerns about mental health, stress, and burnout," said Rebecca Ray, PhD, Executive Vice President, Human Capital at The Conference Board. "This reinforces the need for companies to pay close attention to the well-being of their people in remote a...
2021-05-24 09:26:29 | demographics wealth
... sors to be more responsive to the needs of our clients and support them in realizing the deeply meaningful goals they have for their families, businesses and communities.” Source: Boston Private...
2021-05-18 | consumers spending
... re strategic, long-term financial plan so they are able to weather a lot of different storms on their journey to retirement and then another 30-35 years after that." Source: COUNTRY Financial...
2021-05-13 12:00:00 | economy demographics
... teps to improve their financial situation, compared to 72% and 76% respectively in January. "After the tumultuous year many have had financially, it's encouraging to see things trending in the right direction. It's an important economic indicator that consumers feel more secure and that they are taking the necessary actions to help them make more financial progress," said Paul Dilda, head of consumer strategy for BMO Harris Bank. "It's all about achieving a balance between indulging today and saving for tomorrow, and it's encouraging to see younger adults – especially in the last few mont...
2021-05-12 12:00:05 | employment workplace
... ers, individuals with 10+ years of tenure, and those in government or education roles. Attitudes to job retention differ by age, with millennials twice as likely as baby boomers to quit. Despite the apparent willingness to move jobs for more flexible working arrangements, most employee respondents (76%) say they are satisfied with their jobs, and almost all (93%) say they plan to stay in their current roles for the following 12 months. Liz Fealy, EY Global People Advisory Services Deputy Leader and EY Global Workforce Advisory and Solutions Leader, says: "Employees' willingness to chan...
2021-05-11 | employment workplace
... likely to keep in touch with others, while millennials were more likely to turn to social media or a new hobby. The survey also found a correlation between employer-provided resources and workers’ mental health. Thirty percent of respondents who believe their employer has provided ample mental health resources also reported that their ability to manage stress improved during the pandemic, and one-third (33%) noted that loyalty to their employer increased. Meanwhile, 42% of workers who feel their employer has not provided enough mental health support said their ability to manage stress wo...
2021-05-10 12:00:00 | demographics travel spending
... 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...
2021-05-06 | investing
... g enough progress on this front.” Millennials are behind the curve on sharing financial responsibility, but are most open to change When surveying millennials, the generation most notably focused on equality, the report found that wealthy millennial women surprisingly defer financial decision-making to their spouses – more so than any other age group. Half of millennial women (51%) stated that their spouse is responsible for long-term finances and three quarters of men (75%) agreed that they take the lead. However, the report notes that this generation is seemingly the most open t...
2021-05-04 | charitable giving
... survey among 830 philanthropic individuals in the U.S. who donated at least $1,000 to charity in 2020 detected shifts in donor thinking due to the events of that year. Source: Fidelity Charitable...
2021-04-26 12:00:01 | demographics housing
... able lending standards and reducing exclusionary zoning could make buying more accessible and bring significant strides toward closing the wealth gap. In the most optimistic scenario, Black millennials could see housing equality in their retirement, and finally pass on some real wealth to the next generation." About 42% of Black households own their home, compared to 72% of white households, and Black-owned homes are typically worth about 18% less than white-owned homes. Zillow estimates that if Black homeownership rates and home values rose to match those of their white counterparts, Black...
2021-04-23 12:00:04 | housing
... . Average credit scores among buyers are much higher than in the early 2000s, lending standards are tighter, and demand going forward -- including from a wave of millennials aging into homebuying -- is expected to keep sales strong in the coming months. The fastest monthly home value growth was seen in Austin (2.4%), Phoenix (2.3%) and Riverside (1.9%), all accelerating from the previous month. Growth is slowest in San Jose (0.05%), San Francisco (0.6%) and Orlando (0.7%). Annual appreciation as of March ranged from blistering highs of 20.2% in Phoenix to lows of 5.4% in San Francisco, whi...
2021-04-20 12:00:05 | travel
... d more on trips this year vs. last summer, rising to 66% for millennials. Globally, Americans are the biggest summer spenders, planning to shell out 9% more than the average traveler around the world. Hottest amenities: Clean hotels, free cancelations, hotels with restaurants. Beach destinations continue to shine this summer, with travelers most interested in sunny Florida and Mexico. Their choice of where to stay reiterates that desire: the most popular accommodation types for 2021 summer trips are all-inclusives and beach resorts. Most popular destinations for Americans this summer (a...
2021-04-19 12:00:10 | millennials retirement
... ber-one benefit. Meanwhile, Gen-Xers (20%) and Boomers (26%) with an advisor agreed that protecting assets against market risk was the number-one benefit. Source: Nationwide Retirement Institute® ...
2021-04-19 12:00:00 | demographics media
... sts. Forty-three percent of consumers (39% of Generation Z and 54% of Millennials) say they would associate content that included hate speech with ads that are displayed nearby. Source: Deloitte...
2021-04-15 12:00:05 | banking
... . However, these numbers decrease for all generations when asked if they plan to give their future loan or investment business to their current primary financial services organization. Source: BAI...
2021-04-14 12:00:01 | demographics investing
... assets, grew in influence with a rising share of households and Assets Under Management (AUM). During the study period, the Mass Market grew from 30% to 38% of households with Mass Affluent ($100K to ...
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...
2021-04-12 14:00:00 | workplace employment
... on how people think and feel will be empowered to make the right decisions, at the right time, in the right way, and as a result will deliver differentiated experiences." Source: Qualtrics...
2021-04-08 14:00:00 | retail travel
... mer-behavior. The IBV continues conducting research to regularly draw insights on consumer behavior since April 2020, about how COVID-19 has impacted their outlook and preferences. Source: IBM...
2021-04-08 12:00:59 | investing
... ) or do not fully understand how fees work (51 percent). Many also say they have important life milestones on the horizon—moving to a new state or home (21 percent), starting a new career or job (24 percent) and preparing to have a baby (14 percent). “Now that they’ve dipped their toes into investing, Gen I is eager to keep learning and evolving its strategies to successfully build wealth for the long-term,” said Andrew D’Anna, senior vice president for Schwab’s retail client experience. “What we found in our survey is that this group is not all short-term risk takers – they...
... s and their children) are more likely to undertake 2021 projects than homeowners without children (44% of each vs. 34%), particularly to improve at-home working and learning spaces. Source: Truist...
2021-04-06 12:00:00 | pandemic affluent
... 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 about the market and manage their investments in light of recent events, including financial advisors (45%), online investment management platforms (37%), informational websites (32%), and their friends or family (30%). The survey also revealed the following about affluent investors today: More than half (56%) of affluent Americans are...
2021-04-01 15:00:00 | retirement investing
... nus and better fund descriptions to help them make better investment decisions, more than a third of Gen Xers (34%) want clearer explanations of the plan’s investment options, and regular updates about plan changes (33%), in addition to personalized advice on what investment(s) to choose (33%). For additional information and the full report, click here. Source: Capital Group...
2021-03-31 15:00:01 | pandemic workplace
... st and oldest generations are divided on its impact. MetLife’s 19th annual U.S. Employee Benefit Trends Study finds more than half of workers in their 20s (51 percent), including Gen Z and young millennials, say their work-life balance is better now than before the pandemic, while only one-quarter of baby boomers say the same. While employees across generations feel their holistic well-being – which includes physical, mental, social and financial health – has declined, boomers are experiencing the negative impacts of remote work more strongly. According to MetLife’s research, bo...
2021-03-31 15:00:00 | pandemic retirement
... ennials. Nearly half of millennials (48%) and one-third of Gen Xers (32%) engaged a financial planner for the first time due to the pandemic, compared to 12% of boomers. However, the challenge is more than half of Americans (57%) rarely consider the taxes they will pay or are paying in retirement and 31% aren't receiving the tax advice they need for retirement. There is an immediate opportunity for financial professionals to address this need, with half (50%) of Americans reporting they'd switch financial professionals for someone who could help them plan for taxes in retirement. More speci...
2021-03-30 12:09:00 | housing
... e: 29% are planning to dip into their 401(k), 27% plan to use their retirement savings, 23% are planning to take out another loan to cover the payments — 6% have no plan at all. Many retired homeowners have paid off their homes and are funding their retirement with social security or a pension, giving them a sense of financial security, and homeowners planning for retirement are following the same model. Seven in ten (70%) retired homeowners' homes are fully paid off and nearly half (47%) say owning a home makes them feel secure - that it's a big financial asset. But the Fed is showing r...
2021-03-25 12:00:00 | millennials housing
... e at 35% and updated kitchen at 26%. Quiet location and large backyard tied for fourth with the youngest cohort of buyers at 25%. For millennials, location tops the list at 40%, followed by a large backyard at 37% and quiet location at 32%. Potential buyers aged 40 and over are looking for a quiet location (43%), location (35%) and a good community/neighbors (33%). Despite the popularity of reality home improvement shows, only 11% of this year's first-time homebuyers say they are willing to take on a fixer-upper with 43% indicating they want a move-in ready home. The remaining 46% said they...
2021-03-25 09:08:19 | pandemic saving
... ssessing your financial plans and preparedness against changing circumstances, are key to both navigating current challenges and building financial security for a lifetime.” Source: MassMutual...
2021-03-25 | pandemic insurance
... 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 12:00:00 | pandemic retirement
... ot affiliated with Fidelity Investments. The results of this survey may not be representative of all adults meeting the same criteria as those surveyed for this study. Source: Fidelity Investments...
2021-03-24 09:43:31 | pandemic housing
... o is playing an active role in helping homeowners maintain their homes. Hippo customers have access to Hippo Home Care, a virtual home concierge service that provides proactive home care and maintenance services. Homeowners can receive annual remote home checkups by certified Home Pros that work with customers to guide them through an inspection of certain systems around the home. Hippo Home Care has delivered thousands of home checkups and its Home Pros have performed over 11,000 preventive actions. Hippo has the most widely adopted smart home program in the U.S. homeowners insurance sector,*...
2021-03-12 14:00:04 | demographics health
... ddress mental health and substance abuse issues, and regularly communicating those benefits are ways employers can create supportive workplaces that promote behavioral health. Source: The Standard...
... r cross-border shopping experience is presenting information in their own local language and currency. Older shoppers also don’t care as much about customer reviews as Gen Zers and millennials do and they prioritize lower costs and clear refund policies. Being aware of these generational differences and offering boomers a cross-border e-commerce experience that caters to their specific preferences and needs ensures brands can create long-lasting, fruitful relationships that might be lost if they allow marketplaces to engage these loyal shoppers.” KEY INSIGHTS: Boomers are more conc...
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...
... onetary gains. July through December 2020: The Cybercrime Landscape Across Industries –The Digital Identity Network found a 29% growth in global transaction volume in the second half of 2020 compared to the second half of 2019. This growth came in the financial services (29%), e-commerce (38%) and media (9%) sectors. Financial services saw low overall attack rates, driven by a high volume of repeat login transactions from trusted customers, with the exception of payment transactions, which saw attacks at a higher rate than any other industry. This presents a key opportunity for fraudsters t...
2021-02-22 | investing demographics
... t for related info include TikTok (24%), Instagram (21%), Twitter (17%), Facebook groups (16%) and Reddit (13%). In all, 46% of Gen Zers and millennials have used social media for investing information in the past month. 22% of Gen Z investors say they were younger than 18 when they started investing, versus 8% of millennial investors. In fact, 40% of Gen Z investors say they were encouraged by their parents to begin investing, which backs the earlier start. Only 36% of young investors plan to use that money for retirement. Instead, 35% will primarily use those returns to make additional i...
2021-02-02 13:00:00 | pandemic retirement
... s 44% of couples admit to having disagreements about what expenses constitute "needs" vs. "wants," with baby boomers more likely to agree (62%) and millennials (50%) least likely to find middle ground. Another sensitive topic among couples is the perception of financial ownership within relationships. While 62% of men claim their household's everyday financial decision-making is shared between them and their partner, 61% of women claim they are the sole decision-makers, indicating a lack of alignment on who's "in charge." Cautiously Optimistic Most Americans are staying optimistic abo...
2021-01-29 09:30:30 | benefits workplace
... er to help them better understand their employee benefits throughout the year — not just at open enrollment. Interestingly, this number jumps for younger workers with 78% of millennials reporting they would like more communications about their workplace benefits throughout 2021. Additionally, more than 7-in-10 of employees (73%) are interested in support and guidance tools that help them understand how much money to put aside for retirement, emergency savings and health-care expenses. “Supplemental health benefits like accident insurance, hospital indemnity insurance and critical illnes...
2021-01-28 14:00:00 | millennial retirement
... nding of investments over the course of our lives," said Catherine Collinson, CEO and president of nonprofit Transamerica Institute® and TCRS, and executive director of ACLR. Source: TransAmerica...
2021-01-25 12:00:30 | pandemic investing
... h 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...
2021-01-25 12:00:00 | workplace demographics employment
... cluding insight on employee mental health and sentiment on returning to the office. To learn more, download the eBook at https://www.nintex.com/nintexworkplacestudy2021_ebook_0121/. Source: Nintex...
2021-01-18 | healthcare insurance
... e more manageable. Your best health insurance will be a policy that you can afford, and balances any potential health care costs you may experience during the plan year." Source: ValuePenguin.com...
2021-01-13 15:00:00 | pandemic spending
... fford a splurge of any kind right now." To view the full report, visit: https://www.lendingtree.com/credit-cards/study/80-percent-americans-plan-post-vaccination-splurge/. Source: LendingTree.com...
2021-01-11 18:00:00 | pandemic spending
... say they're paying for subscription services they don't use—from 22% last year to 25% this year—likely a result of people looking for more at-home activities and entertainment. Source: KeyBank...
2021-01-11 14:59:00 | transportation
... rns driven by COVID-19 continue to have an impact on consumer automotive purchasing behaviors according to a new study from Deloitte. In a global survey of automotive buyers Deloitte found that despite the long-term trend towards electric vehicles (EVs) continuing to solidify, consumer anxiety amid the pandemic may be shifting automotive priorities towards familiarity and affordability, with 74% of U.S. consumers looking for a traditional internal combustion engine in their next vehicle. Continued financial concerns are affecting vehicle ownership across the globe. Due to the COVID-19 pand...
2021-01-06 | housing mortgages millennials
... ls, refinance share reached 52% in November, more than double the refinance share of younger millennials at 24%. Both millennial sub-groups secured historically low average interest rates; 2.97% and 2.94%, respectively, for older and younger members of this demographic.Year-over-year, refinance share – the percentage of all loans closed by millennial borrowers during the month that were refinances – increased by 14 percentage points. The continued increase in refinance activity happened as the average interest rate on all 30-year loans dipped for the eighth consecutive month down to 2.97% ...
2021-01-01 | pandemic millennials
... t year. This outlook is more common among older generations (42% and 43% of Gen-X and Boomers, vs. 25% of Gen-Z and 34% of Millennials) and women (42% vs. 34% of men). Source: Fidelity Investments...
2020-12-26 | retirement pandemic
... iversified strategy with both insurance and investments can allow people to make informed choices regarding a retirement that suits their unique circumstances." Source: news.northwesternmutual.com...
2020-08-28 09:17:32 | financial planning
... y topic that clients most want to broach for the first time (53%). More information: https://www.businesswire.com/news/home/20200826005418/en/Millennials-Gen-Xers-Shaping-Future-Financial-Planning...
2020-08-19 09:17:32 | stocks millennials Gen Z
... tating their investment portfolios have recovered since the pandemic. However, optimism remains high, with 50% thinking it will happen in the next six months, compared to 33% of the total population....
News and insights about consumer and demographic financial trends
Economic Uncertainty and Inflation Impact Retirement Prospects for Americans
AARP Survey Reveals Alarming Retirement Savings Trends
Hispanic Consumers More Optimistic About Finances
Homeowners Facing Increasing Insurance Rates
U.S. Foreclosures Increase In First Quarter
Consumers Perceive Less Buying Power Despite Lower Inflation
Consumer Price Index - March 2024
Americans Fear Running Out of Money More Than Death, New Study Finds
Consumers and Small Businesses Still Grapple with Persistent Check Fraud
Financial Education Gap Leaves Middle-Income Americans Seeking More