2024-04-09 09:25:00 | cryptocurrency demographics real estate
... kely to own cryptocurrency as they are to own real estate, marking a significant shift in how these generations approach wealth accumulation.Despite owning just 74 cents for every dollar of wealth that baby boomers amassed at the same age, millennials (ages 27-42) and Gen Z (ages 18-26) are diversifying their financial portfolios in unconventional ways. Cryptocurrency emerges as a popular asset, with 21% of these younger cohorts investing in digital currencies, nearly matching the 20% who own real estate. This trend underscores the changing perceptions of investment and asset ownership among y...
... igital channels.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....
2024-03-20 | investing wealth transfer
... s and risk, we can provide more comprehensive advice and meet more of their wealth management goals," added Tam....
2024-03-19 | financial planning retirement
... f that hill, the need for better planning and guidance through retirement is clear. Ultimately, having a formal financial plan tailored to one's specific needs can help not only with wealth accumulation, but also with making retirement savings last longer."Additional key insights from the report include:Survey respondents with a formal plan reported 60 percent higher confidence about their financial outlookSeven in ten pre-retirees who responded to the survey were in the process of forming a retirement plan or thinking about itSixty percent of survey respondents indicated that their employers ...
2024-02-26 | demographics housing
... ...
2024-02-09 | high net worth wealth management
... ing wealth management services and technological innovations, these firms equip affluent investors with the tools and expertise necessary for successful financial navigation. As the investment landscape advances, the synergy between high net worth clients and top-tier investment firms will continue to be essential for achieving financial excellence....
2023-06-01 15:00:00 | asset management
... ...
2023-06-01 | wealth management hnw
... hip Manager Survey covers more than 800 responses across nine markets. The survey questioned relationship managers about their views on the firm’s WM strategy priorities, their satisfaction with the support provided by their WM firm, and customers’ increased interest in new products/offerings....
2022-09-22 | consumers demographics women
... show: A higher salary does not mean less financial stress: Surprisingly, wealthy women are feeling financial stress just as much as non-wealthy women: Some 75% of women making more than $250,000 in annual income report that they do not feel in control of their money. "We've seen again and again that taking stock of your financial health — and then taking concrete actions to improve it — can turn money from a source of stress to a source of strength for women," said Ms. Krawcheck. "That's why Ellevest is providing a guide to improving your financial wellness and a package of actiona...
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 | financial advice
... finances. According to the study, 39 percent of Americans do not formally manage their short-term personal finances, and shockingly, 20 percent of wealthy Americans do not either. And while 51% of poll participants said they assess their overall net worth on a quarterly, annual, less often, or never basis, 25% have never done so! Are strongly established in their use of technology to get money. A growing number of Americans believe that technology can be used to engage with, manage, invest, and understand money. According to a study, 58% of Americans believe that financial apps, including ...
2022-07-27 12:00:10 | housing
... to talk about home equity or don't know how to. FAR sees this gap as an opportunity for consumers and financial advisors alike to learn more about the stabilizing effects of housing wealth for 55+ homeowners, and for senior lending experts to participate in the retirement planning conversation. FAR President Kristen Sieffert believes these findings are a prime opportunity for FAR to further leverage its education-first approach towards home equity and use a reverse mortgage in a holistic retirement strategy. Sieffert stated, "Older homeowners have an amazing opportunity in today’s hou...
2022-07-13 | demographics investing
... d, "Millennials' strong appetite for ESG creates an opportunity for advisors to incorporate ESG data into their investment and wealth planning, as well as advise and educate the younger generation of investors on how to invest with purpose." About the survey The 10-minute, online quantitative survey was conducted in December 2021. Respondents included 25- to 40-year-olds (Millennials) across genders, races, and geographies, of which 750 were HNW and 250 HENRY (high earning, not rich yet). HNW is defined as having at least $1 million in investable assets, including 401(k). HENRY is define...
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...
2022-05-04 12:00:01 | advice demographics
... n the world. After risk, the second most important consideration Millennials make when selecting investments is whether investments match their values. As many as 46% of Millennials currently have investments that incorporate environmental, social or governance (ESG) factors. Another 42% don’t, but they are interested. The biggest barrier is not knowing enough about them. The survey found that Millennials are primed to do well while doing good, yet they also are pragmatic: They invest in ESG because they think it’s a better way to invest (42%). They are as likely to say their mo...
2022-05-03 12:00:00 | affluent demographics
... s the top threat to their inheritance. Three in ten (30%) fear health care and long-term care costs for their parents will affect the family wealth and have an impact on their inheritance. One in four (26%) cite issues around family dynamics as a threat. “Some of these are issues out of their control, and with inflation on the rise, as well as the cost of goods, these numbers likely will only go higher,” said Liersch. “Today’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 wh...
2022-04-26 13:00:00 | investing pandemic
... ution. The study is based on responses from 4,888 investors who make all their investment decisions without the counsel of a full-service dedicated financial advisor, and was fielded from November 2021 through January 2022. Source: J.D. Power ...
2022-04-25 14:00:00 | demographics financial planning retirement
... make that a specific line item in your retirement plan to ensure you have the funds to make it happen. If you want to maintain exposure to higher risk assets like digital currencies in your retirement portfolio, think about how to balance that with more traditional investments that can provide you with a reliable source of income when you don’t have a paycheck. And finally, you prepare for retirement to enjoy it, but it’s important to have a solid income and distribution strategy so you don’t risk running out of money in retirement.” Some key considerations for Millennials as they t...
2022-04-25 12:00:02 | investing retirement
... portfolio, fewer (46%) prioritize maxing out retirement accounts. According to anonymous data from Personal Capital, retirement accounts like 401k plans and IRAs make up 55% of the wealth of high net worth individuals. “Tax-friendly retirement accounts are powerful investment vehicles,” Braunstein says. “As your income increases, be sure to increase the contributions to your retirement accounts—don’t let the money sit idle.” Brownstein also suggests clarifying what constitutes your personal net worth; only 35% of Americans believe they understand what "justice" means, althoug...
2022-04-25 10:00:00 | financial planning
... nt (83%) of surveyed estate and financial planners said they use digital tools to support clients' estate planning, leveraging estate planning software (52%) and online wealth and/or estate planning platforms (48%), demonstrating that a majority of estate planning professionals are going digital to efficiently support their clients' needs. Designation of Beneficiaries Emerges as the Leading Cause of Family Conflict As family dynamics become increasingly complicated year-over-year, 34% of respondents cited the designation of beneficiaries as the leading cause of family conflict in 2022, u...
2022-04-20 | inflation retirement
... 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 retirement, the realities of our world today require a shift in thinking about the opportunities to harmonize one’s entire savings picture. Resources such as health savings accounts to offset the ...
2022-01-10 12:00:00 | consumers economy
... r current financial situation or the economy. According to a new annual 2022 Wealth & Wellness Index released today from retirement services provider Empower Retirement and affiliate hybrid wealth manager Personal Capital, only 34% of American consumers surveyed say they are “very financially healthy,” a 14% drop versus when asked in March of 2021 (48%). The survey, conducted by the Harris Poll, finds economic confidence among respondents also remains relatively low at 40%, down 2% from one year prior and down 12% from the start of the pandemic. “It’s a fact of life that forces in t...
2021-12-22 12:00:00 | real estate
... ome and are now trapped in rent inflation, ” according to Daryl Fairweather, chief economist at Redfin. “On the other hand, property values have gone up not only in wealthy big cities. Homeowners in rural America who typically don't see significant increases in home values are also reaping the benefits of a booming real estate market. ” The value of rural houses in November increased by 46.2% year-over-year to US$4.9 trillion. In contrast, the value of urban homes rose by 31.3% to US$8 trillion, while the value of suburban homes rose by 25.9% to US$24.1 trilli...
2021-10-20 | housing
... as homes historically appreciate over time. When the home increases in value, so does the amount of equity that is available to the homeowner. It is this equity that can be used to support the next generation. However, the path to homeownership begins long before searching for a home. "The journey toward homeownership – whatever your timeline – actually begins with your first banking experience and continues as you learn to budget, save and establish a solid credit history," said Barkley. "Building financial confidence takes time and requires making early, consistent and informed decisio...
2021-10-14 12:00:00 | banking demographics
... Source: MX, Q2, Rival Technologies, Finn AI White Paper...
2021-10-14 | retirement
... "In America, the middle class can no longer afford retirement. Middle class Americans face sharp economic inequality, with ownership of financial assets highly concentrated among the wealthy," explained Tyler Bond, NIRS research manager. "Now that we have a retirement system largely built around the individual ownership of financial assets in 401(k) accounts, middle class Americans are struggling to accumulate sufficient financial assets during their working years. This means the retirement outlook for many in the middle class is bleak at best." The research also finds l...
2021-09-09 | retirement
... and that's greater than the share concerned about the cost of healthcare (74%), according to a new poll released today by Kiplinger's Personal Finance magazine and industry-leading digital wealth management company, Personal Capital, an Empower Company. Rounding out respondents' top five financial concerns about the future were the financial strength of Social Security (71%) and Medicare (67%), and the possibility of an impending recession (62%). The national poll was conducted between June 17 and June 24, 2021. Additional survey findings can be found here. "It's clear that some effects...
2021-08-10 09:08:19 | workplace
... er their employers these days and are seeking greater flexibility and balance. While many workers report struggling with burn out and return-to-office mandates, a new survey out today from digital wealth manager, Personal Capital, in partnership with The Harris Poll, shows a staggering two-thirds of Americans surveyed (66%) are interested in switching jobs right now, with young generations expressing such sentiment in particular – 91% of Gen Z-ers and 78% of Millennials, compared to 47% of Gen X-ers and 45% of Boomers. More than half of surveyed U.S. employees (57%) say that "now would be a ...
2021-05-24 09:26:29 | demographics wealth
... heir saving levels (52%) and their relationship with their financial advisor (51%). “The Why of Wealth report sheds light on our highly emotional relationship with wealth, and how those relationships are influenced by age, profession and our lived experience,” said Gerald Baker, Head of Trust & Fiduciary Services at Boston Private, and co-head of its Center for Wealth Planning Excellence. “Better understanding these emotional drivers helps advisors to be more responsive to the needs of our clients and support them in realizing the deeply meaningful goals they have for their families, ...
2021-05-12 12:00:01 | advice financial planning
... ...
2021-05-11 12:00:04 | housing real estate
... r. "Affluent homebuyers from New York and San Francisco have moved to places like Florida and Texas during the pandemic, which has fueled home sales and driven up prices in those areas." To read the full report, including additional charts and graphs, please visit: ...
2021-05-10 12:00:01 | real estate
... alues. Even as some offices start to reopen, many Americans plan to work remotely for the long term, at least part of the time. "The combination of the wealthy becoming wealthier, remote work turning into the new normal and low mortgage rates is creating an ideal environment for affluent Americans to buy vacation homes," said Redfin Chief Economist Daryl Fairweather. "As long as the economy continues to grow, I don't foresee demand for second homes slowing down anytime soon." The elevated demand for second homes in the pandemic era is one sign of economic inequality in t...
2021-05-06 | retirement
... rillion in housing wealth, which could be used to supplement income for millions of seniors in America. To read the full results of the AAG Post-2020 Retirement Survey, visit the link below:https://www.aag.com/post2020survey/" Source: AAG ...
2021-05-06 | investing
... inancial 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 to change. Nearly all (94%) millennial men want their wives to be more involved in th...
2021-05-04 | charitable giving
... ational change, these trends could become more mainstream as younger donors come to control a larger share of wealth. Millennials are more likely than older generations to use newer methods of giving back. In fact, two-thirds of Millennials have purchased products from a socially responsible business, while 43 percent have made an impact investment and 87 percent said it’s important to work for a company engaged in corporate social responsibility. These behaviors are shaped by a more modern mindset that applies the term “philanthropist” to anyone working to make the world a better pla...
2021-04-30 12:00:00 | housing real estate
... date-home-prices-up-20-pct/ Source: Redfin...
2021-04-28 12:25:14 | affluent economy
... ed inheritance was a factor in obtaining their wealth, compared with less than a third in 2012.59% of investors believe their children and grandchildren should meet their financial advisor by the age of 25. Additional details from the report can be found here: https://spectrem.com/Content_Product/25-million-plus-investors-2020.aspx Source: Spectrem Group...
2021-04-27 09:18:23 | investing
... problem resolution. The 2021 study is based on responses from 4,895 investors who make all their investment decisions without the counsel of a full-service dedicated financial advisor. The study was fielded from December 2020 through February 2021. ...
2021-04-26 12:00:01 | demographics housing
... em." Source: Zillow...
2021-04-20 12:00:09 | pandemic
... ng kids understand long-term investment concepts and that wealth-building is a long-term endeavor," Mr. Clark says. T. Rowe Price's annual Parents, Kids & Money Survey has consistently shown that there is an opportunity for all parents to have more money conversations with their kids. To help parents discuss money with their kids, the firm created MoneyConfidentKids.com, which provides free online educational games, classroom lessons for educators, and tips for parents that are focused on financial concepts, such as goal-setting, spending versus saving, inflation, asset allocation, ...
2021-04-15 12:10:00 | investing
... hen I want; problem resolution; and digital channels. The study is based on responses from 4,392 investors who make some or all of their investment decisions with a financial advisor. The study was fielded from December 2020 through February 2021. Source: J.D. Power...
2021-04-15 12:00:01 | pandemic retirement
... d clear wealth disparities on issues related to saving and planning for the future: 44% of households making less than $50,000 a year say it is unlikely they will be able to save more for retirement going forward; in contrast, 72% of those making more than $100,000 say it is likely they will save more for retirement. Nearly 70% of those making less than $50,000 say they are still unlikely to work with a professional advisor, likely due to extra costs. Lifetime income is also increasingly important, the TIAA survey found. Now, 73% of Americans, especially those who are financially wor...
2021-04-14 12:01:00 | demographics investing
... out of touch in a world where natural resources are dwindling and inequality is rising. More ethical measures of financial success are disrupting the system. As money and values become increasingly interlinked, we'll see the rise of Islamic finance, ethical ROI, and built-in givebacks.What if credit card companies structured their rewards programs based on ethical spending? The more socially responsible the company or sector, the more points you get. Bringing Back Reality: From digital currencies to virtual assets, finance is becoming increasingly intangible. But as money goes virtual, our r...
2021-04-14 12:00:01 | demographics investing
... th tiers. "We are all witnessing an unprecedented and accelerated democratization of U.S. investing," said Bob Schifellite, Broadridge's Investor Communication Solutions President. "The signs are undeniable as younger investors, particularly Millennials, grew as a percentage of investors studied from 9% to 14% during this period. Additionally, households with the smallest amount to invest, referred to as the Mass Market, grew in influence from 30% to 38% of investing households. Many are investing using cost-effective ETFs, and more have broader access to low-cost institutional shares, high...
2021-04-08 12:00:59 | investing
... ...
... n 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 another home. But it's bad for lower- and middle-class families, particularly those who are rent...
2021-03-30 12:09:00 | housing
... nts at significant risk down the line - meaning this sense of security might be superficial. 80% of retired American homeowners are funding their retirement through social security and 70% with a pension — just 2% used funds from selling their home to fund their retirement. More than half (55%) of working age homeowners are planning to fund their retirement through social security and 36% with a pension — 59% are planning to fund their retirement with a 401(k). 89% of retired homeowners are confident in the amount of money or assets they had saved by the time they were retired....
2021-03-30 12:00:02 | economy demographics
... or and Retirement Optimism Index are based on a Gallup Panel™ web study completed by 1,536 U.S. investors, aged 18 and older, from Feb. 8-16. This quarter’s poll includes an oversample of Black and African American investors, resulting in a total of 573 Black and African American investors included in this survey. The Gallup Panel is a probability-based, longitudinal panel of U.S. adults who Gallup selects using random-digit-dial phone interviews that cover landline and cellphones. Gallup also uses address-based sampling methods to recruit Panel members. The Gallup Panel is not an opt-i...
2021-03-16 14:00:00 | housing
... Zillow economic analyst Alexandra Lee. Lawmakers have floated ideas surrounding the introduction of legislation that would create a refundable, advanceable tax credit of up to $15,000 for first time homebuyers, similar to first-time homebuyer credits approved by Congress during the Great Recession. Unlike those credits, the recently proposed advanceable tax credit could be used at the time of purchase, which could jumpstart potential homebuyers lacking down payment savings.Nationally, renter households are estimated to save 2.4% of their income each year. At that rate it would take a typical ...
2021-03-16 | retirement
... worth have greater discretion to adjust their spending to match their income than households in the bottom 20% net-worth. Thus, contrary to conventional wisdom, less wealthy households might benefit more from additional guaranteed income. If employers want to implement post-retirement solutions as part of their 401(k) plan, they should consider offering a variety of retirement income solutions (e.g., managed payout funds, managed accounts, dynamic qualified default investment alternatives, annuities) that would be attractive to their workforce. To manage fiduciary risk, they should also cons...
2021-03-09 08:11:04 | technology investing
... tments and now your cryptocurrencies." Personal Capital reported an increase of 33% in new assets under management for the year of 2020, and now serves over 26,000 wealth management clients. Source: Personal Capital...
2021-03-04 | housing real estate
... use with lots of space while they are still working from home, but they also want to live in a walkable area near urban amenities as shops and restaurants reopen. Those wealthy buyers are willing to pay high prices to have it all." Baltimore,Detroit and Cleveland, all relatively affordable metro areas, are helping drive national urban price growth. Home prices in urban parts of Baltimore were up 37.8% to $180,938 in the four weeks ending February 21, the highest growth of the 50 largest U.S. metros. Prices in urban Detroit were up 37.7% to $78,990, and they were up 33.4% to $103,875 in Clev...
2021-02-25 | investing demographics
... e outset when it comes to building wealth,” says Hobson. She notes that while 51 percent of white Americans say they have inherited wealth, just 23 percent of Black Americans have. Schwab-Pomerantz points out that more white Americans (44%) than Black Americans (33%) are focused on preparing for retirement as their most important financial goal. “For so many Americans, the 401(k) is the first step to becoming an investor, and while it’s encouraging to see greater parity among those who have access to this opportunity through their workplace, it’s incumbent on employers and all of us...
2021-02-23 15:00:00 | advice banking
... world, NTT DATA surveyed 4,807 consumers and 476 senior executives in banking, brokerage, capital markets, wealth management, and cards and payments across the U.S., UK, Germany, Spain, Italy, Japan, Brazil and Mexico in December 2020. Key study findings include: 1) The top five reasons customers leave their financial institution center around price, access, and trust (ranked in priority order). High fees Poor customer service Data breach Unattractive savings and loan interest rates Competitive offers 2) Trust is most important to customers. 66% of cu...
2021-02-22 | investing demographics
... investing, which is one of the best ways to build wealth over a lifetime," he said. "A concern is that some are leading to relatively short-term trading concentrated in a few stocks with hopes of getting rich quick." This may seem good in a bull market, he said, but it's risky and can lead to significant losses if the market turns. Most people should have a long-term perspective with a balanced and diversified portfolio, he added. To view the full report, visit: https://www.magnifymoney.com/blog/news/young-investors-survey/. Methodology MagnifyMoney commissioned Qualtrics to field an onli...
2021-02-05 | investing
... icymakers critical insights about pathways to financial inclusion for all Americans and presents a roadmap to help inexperienced investors, women and people of color close the wealth gap. On the other, low levels of investment knowledge among all types of investors in the sample—new and experienced—underscore the importance of educating investors about risk and reward, costs and fees, tax consequences of investing and other key concepts.” “In early 2020, we began seeing media narratives about an influx of investors into the market. This research moves past the anecdotes and helps to...
2021-02-01 12:00:00 | banking digital
... shPro®. The financial services company has seen a surge in digital engagement. Today, approximately 70% of Bank of America consumer client households and small business clients and 77% wealth management client households are digitally active. Bank of America clients deposited 160 million checks using the mobile banking app in 2020. Last year, 84% of deposits were made through the company’s automated channels (mobile, online and ATMs), up from 78% the prior year. Digital sales accounted for 42% of total consumer sales last year, up from 30% in 2019. Furthermore, 68% of consumer mortgage ...
2021-02-01 12:00:00 | financial advice
... t year. This means that people looking for advice can finally see who the best advisors are. More importantly, it gives coaches an incentive to help people who aren’t wealthy – because their good review can help attract paying clients.” Status Money is planning to introduce a financial wellness offering for employers later this year – enabling them to cost-effectively provide employees with access to financial planning and coaching as a benefit. The new offering is part of a new wave of app-based financial advice offerings, with similar services offered by Albert Genius for a min...
2021-01-29 09:30:30 | benefits workplace
... enefits. “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 have an increasing need for budgeting, planning and guidance resources.” “Fortunately, benefits providers can help employers by: providing robust education programs; developing engaging, year-round communication campaigns; and offering innovative digital tools to help their employees understand and maximize their workplace benefits,” explained Frend. “At Voya, we recentl...
2021-01-21 14:00:00 | transportation spending
... "And there is the bigger question about what consumer demand for vehicles is going to look like in a post-vaccine world. Lots of additional wealth and resources have been pushed into new car purchases for now, but people have been cooped up for nearly a year. They might choose to shift their spending to experiences rather than goods, which could be a threat to car purchases." Source: Edmunds.com ...
2021-01-15 | financial planning apps advice
... Incentive, added: “Incentive will allow us to deliver a financial plan to every participant, not just the wealthiest 1% of Americans. It combines great technology that engages the user, motivates them to add additional information, and provides direct access to one of our professional advisors when they desire.” The launch of Incentive comes at a time where Americans’ finances have been crowned the biggest stressor of 2020 amid the COVID-19 pandemic, according to a recent survey carried out by eMoney. When asked what caused people the most stress, 40% of U.S. adults said their fin...
2021-01-14 10:00:00 | retirement spending
... 1(k) during the pandemic, and nearly two-thirds (63%) used those retirement savings to cover basic living expenses, according to a new survey from Kiplinger's Personal Finance magazine and digital wealth management company, Personal Capital. The national poll, which was conducted from November 4-10, 2020, also found that the amounts people withdrew or borrowed were significant. Thirty-two percent (32%) of respondents said they withdrew $75,000 or more from a retirement account, while 58% of those who took loans borrowed between $50,000 and $100,000. Additionally, more than a third (35%) sai...
2021-01-05 | housing demographics
... w them steadily, albeit slowly, converging. Since homeownership is the single largest driver of wealth for many households, the value and appreciation of a home is extremely impactful for families. Before the Great Recession, the gap between Black-owned home values and all home values was about 15%, but grew to 20% by March 2014. Similarly, Latinx-owned homes saw the largest home value gap in May 2012 at 14% -- 2 percentage points larger than before the housing bubble. Now, nearly a decade later, home values for Black- and Latinx-owned homes are back at pre-bubble levels, and continue to na...
2020-12-28 09:17:32 | pandemic financial planning
... hat sentiment now is important to give their heirs peace of mind — and the financial tools and knowledge — in making these decisions when the time comes.” Source: Wells Fargo/Businessswire ...
2020-12-17 09:26:29 | financial wellness retirement
... hen it comes to both health and wealth, Voya’s survey also found a majority (75%) of Americans have become more focused on their mental health and emotional well-being, emphasizing the concept that wealth has garnered new shades beyond financial means. The results of Voya’s new survey reveal that many individuals will likely be seeking a fresh outlook in 2021 and beyond as arguably one of the most impactful and memorable years in multiple generations comes to an end. While COVID-19 has undoubtedly changed the lives of many Americans, Voya’s survey indicates that the shifting prioritie...
2020-09-16 | workplace
... illness insurance, or short-term and long-term disability income insurance....
2020-08-25 09:26:29 | women retirement
... igh retirement confidence rose in certain cases. For example among households of similar wealth, those with greater liquidity in their portfolio and those with defined benefit plan income were more likely to report high retirement confidence. For more information: https://www.gao.gov/assets/710/708121.pdf...
2020-06-25 09:26:29 | advice
... y efforts to support the industry’s push in this direction.” Meeting the Needs of Diverse Clients As the face of wealth changes in the U.S. with a growing portion of racially diverse and female investors, a majority of advisors (63%) indicate that attracting a diverse client base should be a strategic priority for financial advisory firms. Advisors are harnessing this opportunity to increase the size of their eligible market and to educate a wider group of people about the benefits of planning and investing. While attracting diverse clients can be done in a variety of ways, many f...
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