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 12:00:00 | banking credit cards technology
... ...
2023-06-01 | wealth management hnw
... me and 99% of world stock market capitalization. The Capgemini 2023 Global HNW Insights Survey questioned 3,171 HNWIs across 23 major wealth markets in North America, Latin America, Europe, and the Asia-Pacific region. The Capgemini 2023 Global Affluent Insights Survey questioned 3,203 Affluents across 11 major wealth markets in North America, Europe, and Asia-Pacific. To bring in the industry perspective, the 2023 Wealth Management Executive Survey covers more than 90 responses across 14 markets, with representation from pure WM firms, universal banks, independent broker/dealer firms, and fam...
2023-02-27 | consumers
... unsubscribe from at least one retail company in the previous three months. Also, according to 61% of consumers, receiving too many marketing messages caused them to unsubscribe from three or more retail businesses. 73% of respondents said they wished to receive less marketing communications in 2023 compared to 2022 when asked. The findings are based on a 450-consumer Optimove study conducted in January 2023. Hundreds of top worldwide consumer brands use the customer-driven marketing platform Optimove. The top-line results of the poll included the following: | Consumers feel inundated ...
2022-09-08 10:22:34 | economy
... other extraordinary events of the preceding two years. This gives American consumers a distinct indicator of the relative overvaluation of cars and creates a new economic barometer for the retail used car market. Prices fell in August across all age groups, with the prices of 1-3 year old automobiles showing the most evidence of this trend. Since consumers have been turning to them as a replacement due to record-low new car inventories, nearly-new car prices have been near all-time highs for much of this year. However, they are now falling the quickest of any age group, down $715 (or 2...
2022-04-26 13:00:00 | investing pandemic
... irms is creating loyal clients who will deepen their relationships to include revenue-generating services that address their broader financial needs for things such as advice, cash management and lending,” Foy said. “Right now, that’s precisely where many firms are dropping the ball. They are struggling to meet their clients where they are at this point in their lives and deliver the type of personalized advice, educational tools and problem-free experiences they need to grow with their firms.” Study Rankings T. Rowe Price (768) ranks highest in self-directed investor satisfactio...
2022-01-10 12:00:00 | consumers economy
... a complicated picture to describe what’s happening to the economy,” says Chief Investment Officer at Personal Capital, Craig Birk. “The labor market is strong and retail growth is ticking upwards, but we’re also dealing with recent market volatility and record high inflation. It’s unsettling for many.” Despite this relatively recent decline in confidence, American consumers surveyed report feeling optimistic about their longer-term financial futures. According to the study’s key indicators of financial wellness, many are feeling hopeful and optimistic (40%) about their path to...
2022-01-04 09:32:54 | consumers cryptocurrency housing
... worries about money six times a day. Over half (56%) say they often overextend their spending and are left in a difficult position. Nearly half (49%) of consumers won’t complete a purchase if a retailer does not offer a pay-over-time option at checkout. Affirm Consumer Spend Report 36% of Americans took on holiday debt this season, up from 31% in 2020. Borrowers owe an average of $1,249, down 10% from $ 1,381 last season. Parents with children younger than 18 and millennials were most likely to take on debt. Source: Lending Tree Texas, Florida, Tennessee, South Carolina and Arizon...
2021-11-26 | economy retirement travel
... g online accounts for over three-fifths (62%) of average spend for the season. Shoppers are increasingly moving online for convenience. A new survey by Cloudli Communications found that while 94% of respondents want to support small businesses, 87% of patrons opt to shop online because purchasing locally is too inconvenient. The ability to text with local businesses may help reduce shopper reticence, with three-fourths (76%) of consumers reporting 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...
2021-10-21 12:00:10 | credit demographics
... 0 years is projected to have more buying power than millennials and baby boomers combined, by diversifying 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
... ...
2021-10-04 12:00:00 | retail economy
... stics companies attempt to ramp up their hiring of seasonal workers. Analysts will be closely watching Black Friday sales for any indications of potential slowdowns in retail sales and profits to be reported in the first quarter of 2022. ...
2021-06-24 09:08:19 | advice banking
... udes responses of 5,491 retail bank customers in the United States who received any advice/guidance from their primary bank regarding relevant products and services or other financial needs in the past 12 months. The study was fielded in March 2021. Source: J.D. Power...
2021-06-22 09:08:19 | transportation
... Mitsubishi, up 12% from this time last year." As one of the most affordable manufacturers with the lowest average transaction price in May Mitsubishi reported recovery within the retail space moving into the second quarter of the year. A majority of the models within the Mitsubishi lineup experienced year-over-year average transaction price increases in May 2021. The latest Outlander and Outlander PHEV are Mitsubishi's highest-priced vehicles, with MSRPs starting at $25,795 for the 2022 Outlander and $36,295 for the 2021 Outlander PHEV. Overall, the Outlander model line saw sales more than...
2021-06-09 12:00:00 | consumers digital pandemic
... 70% intend to continue most of those behaviors. The survey also revealed that while connectivity held up remarkably well to the demands of unexpectedly crowded homes during the pandemic, many households had reached the limits of broadband, wireless and Wi-Fi networks. And with reduced movement outside the home during the pandemic, it's not yet clear how well existing smartphones and mobile connectivity will serve post-pandemic behaviors. Since the pandemic began, 19% of those with home internet had upgraded to a higher-speed home internet service and 8% switched providers. Those who ...
2021-06-01 12:01:00 | retail spending
... January-February 2021. Source: JD Power...
2021-05-27 | spending
... the COVID-19 vaccine. This compares to 24 percent that have not gotten the vaccine, but plan to when able and 29 percent that don’t plan to get vaccinated or are not sure. Source: First Insight...
2021-05-24 12:00:00 | travel
... uck on the side of the road – it's not safe or fun. A successful road trip starts long before you pull out of the driveway with proactive vehicle and tire maintenance." Source: Bridgestone...
2021-05-10 12:00:01 | investing
... point since the beginning of the pandemic. The Federal Reserve also held interest rates near zero and announced plans to continue to support the economic recovery. Source: TD Ameritrade, Inc. ...
... hants of all sizes. Sales activity within the services sector (for example, travel services such as airlines and lodging) are not included. Restaurants: All full-service restaurants and limited-service eating places Full-Service: Fine Dining (high-end steakhouses, seafood, and other restaurants), Casual Dining (mid-priced casual dining establishments), Family Dining (budget-priced family oriented establishments) Limited-Service: Quick service (traditional quick-service low priced restaurants), Fast Casual (limited service restaurants that offer upscale menus) Source: Mast...
2021-04-27 09:18:23 | investing
... r. The study was fielded from December 2020 through February 2021. ...
2021-04-15 12:00:00 | transportation
... industry intelligence analyst at Cox Automotive. "The Electric Vehicle category is a segment to watch, as affordable new models continue to roll in and drive down year-over-year pricing." Most manufacturers saw year-over-year movement in average transaction prices for March 2021, with Volkswagen Group reporting the largest increase from last year (up 15.4%). Audi (up 10.8%) and Volkswagen (up 10.7%) were included in the top 10 year-over-year brand increases, while Porsche had a 0.5% decline from March 2020. Audi's second most expensive model, the A7, with an average transaction ...
2021-04-13 12:00:01 | investing pandemic
... the tech sector remains a perennial retail fan favorite, with over two out of five (41%) seeing opportunity in the sector. Energy. For the second consecutive quarter, the energy sector ranked third in investor interest (34%), as economies around the globe continue to reopen and recover. E*TRADE aims to enhance the financial independence of traders and investors through a powerful digital offering and professional guidance. To learn more about E*TRADE’s trading and investing platforms and tools, visit etrade.com. Referenced Data When it comes to the current market, are ...
2021-04-12 14:00:00 | workplace employment
... emic 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 as a result will d...
2021-04-08 14:00:00 | retail travel
... w 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
... ...
2021-04-08 12:00:00 | consumers spending
... e stimulus payments on consumer spending as well as the lockdowns that weakened retail sales across the country in the same period in 2020. The unique retail scenario of last March is also seen in the year-over-year comparison for the sectors. For instance, in March 2020, discretionary sectors such as Apparel and Jewelry experienced a dip in spend when people first started social distancing; this has led to significantly elevated growth rates this March. Essential sectors, such as Grocery, faced the opposite situation as sales surged last year as consumers stocked up; Grocery fell i...
... aurants, retail and hospitality that are still far from recovered. "This recession has driven wealthy and low-income Americans further and further apart, and the soaring demand for vacation homes during the pandemic is a perfect example of their unequal financial footing, with some people buying second homes and others unable to buy their first," said Redfin Chief Economist Daryl Fairweather. "Home prices just keep going up. That's a good thing for Americans who already own one home because they can take advantage of their increased equity to buy other assets, which in some cases includes an...
2021-03-31 14:00:00 | pandemic spending
... ource: The Conference Board...
2021-03-31 12:00:04 | pandemic spending
... ce: Debt.com ...
... ss-border shopping experience than their younger counterparts do,” said Tommy Kelly, CEO of ESW. “Shoppers in the 57–75 age group naturally gravitate to online marketplaces, so retailers and brands seeking to reach them directly need to make sure their 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-co...
2021-02-23 15:00:00 | advice banking
... t card information Source: NTT DATA...
2021-02-23 | financial wellness financial resilience
... ...
2021-02-22 14:00:00 | investing demographics
... pe. We have seen how retail investors transformed the market with the activity in meme stocks. This pandemic period has been history in the making and our data underscores the retail reckoning that has been coming for a long time," said Dan Pipitone, TradeZero America co-founder. The survey was conducted online in January with 1,000 self-directed investors who have minimum investable assets of $30,000. Other data points include: Bullish market outlook: Most investors have a bullish outlook on the market, with 52% believing that US financial markets will end 2021 higher. 20% say the marke...
2021-02-05 | investing
... stark contrasts surrounding investment goals, risk taking, trading behaviors and investment decision-making. Source: FINRA...
2021-01-25 09:21:00 | transportation automation
... es shoppers a more customized experience, a key to higher satisfaction with the shopping process. While interest in digital retailing continues to grow – and grew significantly in 2020 during the pandemic – Cox Automotive still believes that auto dealerships as physical locations play a critical role in the vehicle buying experience. To be sure, research consistently demonstrates that automobile shoppers still have a strong desire to spend quality time at the dealership, test driving the vehicle and setting up their new vehicle after purchase – both hands-on activities that are a lot ...
2021-01-21 14:00:00 | transportation spending
... ther industries such as airlines or entertainment, automotive sales are not expected to see a dramatic retail lift post widespread vaccination distribution — in 2020, retail sales were down only 8.6%. However, Edmunds experts say that a return to an in-person work environment should help maintain sales, and they anticipate a boost in daily rentals in 2021, which generally make up 12% of new vehicle sales but sank to 7.4% in 2020. Exciting new products will help breathe life into the automotive industry. 2021 will be a standout year for new vehicles. It will see the birth of a brand-new se...
2021-01-13 08:00:00 | healthcare payments
... es as well as the opportunity to earn accelerated rewards. Those same customers will also be able to use the flagship, co-branded credit card to make purchases at other retailers and places of business wherever Mastercard is accepted, and earn rewards, including accelerated rewards when shopping products in the health and wellness category, an area Walgreens champions in communities across America. “Synchrony is proud to be Walgreens’ partner of choice for this new Walgreens Mastercard,” said Brian Doubles, President of Synchrony. “Walgreens champions the health and well-being of co...
2021-01-11 15:00:00 | fintech
... r modern, innovative and affordable financial solutions. The new company is a strategic partnership with leading fintech investment firm Ribbit Capital. The venture will bring together Walmart’s retail knowledge and scale with Ribbit’s fintech expertise to deliver tech-driven financial experiences tailored to Walmart’s customers and associates. “For years, millions of customers have put their trust in Walmart to not only save them money when they shop with us but help them manage their financial needs. And they’ve made it clear they want more from us in the financial services aren...
2021-01-10 10:00:00 | transportation
... e and as confidence in online car purchasing increases, manufacturer websites are becoming more sophisticated to meet shoppers’ expectations. “The digital retail space continuously evolves but the pandemic forced many manufacturers to speed up the process,” said Jon Sundberg, senior manager of digital solutions at J.D. Power. “Websites are moving beyond the traditional research tools such as images and videos into a new world of allowing customers to go through the full purchase process online. Continuous updating beyond the basic research capabilities to accommodating interconnecte...
2020-12-26 | holiday retail sales
... pick up in store as well as technologies like contactless were key for retailers this season. This season, U.S. consumers shopped far earlier than in years past, as retailers offered special promotions early and often. In addition, though Black Friday was down (-16.1%*), Thanksgiving weekend through Cyber Monday remained a key time for shoppers, with Black Friday being the top spending day of the 2020 holiday season. Source: Mastercard SpendingPulse: U.S. Retail Sales* Grew 3.0% This Holiday Season ...
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