Wed, 20 April 2022 | inflation retirement
As the rising cost of goods and services impacts the wallets of many Americans today, the growing concern of being able to save enough for retirement is also on the rise. Voya Financial, Inc. (NYSE: VOYA), released new findings from a consumer research survey revealing that 66% of Americans agree or strongly agree that they are worried about the impact of inflation on their ability to save enough for retirement. What’s more, an even greater amount of individuals agree or strongly agree they are worried about the impact of inflation on their personal finances and the ability to maintain ... Read More
Fri, 11 February 2022 | retirement women workplace
For those looking to invest their retirement funds, a Nationwide Retirement Institute® survey of employer-sponsored retirement plan participants and sponsors found that women are more likely to have been financially impacted by the pandemic than men.
About one in five (18%) women feel they are on the wrong track for retirement, and the same percentage expects to retire later than the originally planned due to the pandemic.
Fewer women than men have been able to hit financial milestones such as contributing to a 401(k)/IRA (50% of women vs 58% of men), building an emer... Read More
Mon, 10 January 2022 | consumers economy
As the world enters a third year of the COVID-19 pandemic, the U.S. economy is making a remarkable comeback after two tumultuous years. Roughly 80% of the jobs lost to the pandemic have been regained, unemployment rates have normalized and today’s jobseekers have the upper hand.
Yet, Americans’ views of their financial health are languishing, and many consumers don’t feel confident about their 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 h... Read More
Tue, 04 January 2022 | consumers cryptocurrency housing
The average U.S. consumer 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 ... Read More
Wed, 22 December 2021 | real estate
Homeowners in the US have earned $ 9.1 trillion in increased property values over the past year, as home prices continued to rise due to an acute shortage of real estate, according to a new report by Redfin (redfin.com). US home values rose 31.4% year on year to $ 38.3 trillion last month, well above the 9.7% year on year ($ 2.6 trillion) recorded in November last year. Housing prices rose sharply during the pandemic as mortgage rates hit record lows, teleworking and the skyrocketing stock market boosted demand for housing amid continuing housing shortages. November marked th... Read More
Tue, 21 December 2021 | boomers technology
Technology use by people over 50 has skyrocketed during the pandemic, according to a new report from AARP Tech Trends, and these new habits and behaviors are likely to continue. In addition, AARP found the majority of respondents (70%) purchased technology in the past year, and today their costs are much higher than in 2019 - $ 821 now compared to $ 394 then. Smartphones and their accessories, and Bluetooth headsets were at the top of the shopping list, but smart home technology was also key to them.
Unsurprisingly, the use of technology made social connections easier during t... Read More
News and insights about consumer and demographic financial trends
The Hidden Cost of Idle Cash: What the Vanguard Survey Reveals About America’s Savings Habits
Consumers Growing Cautious Amid Rising Inflation and Economic Uncertainty
US Taxpayers Say Tax Refunds are a Financial Necessity
Consumer Pessimism Grows Despite Stable Long-Term Inflation Expectations
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