Friday, April 3, 2026

No Place Like Home

Wed, 20 October 2021  |  housing 

New data from Bank of America shows that family support often plays a pivotal role in helping first-generation homebuyers reach the major milestone of purchasing their first home. Families of first-generation homeowners often instilled in them the dream to buy a home and an understanding of the value of owning – whether they were able to provide financial support, or simply motivation.

"For many first-generation homeowners and their families, homeownership has a unique importance, given the collective efforts to overcome financial challenges that can often span generations," said... Read More

Digital Banking Gains Momentum

Thu, 14 October 2021  |  banking 

Galileo Financial Technologies, a leading global fintech-as-a-service platform owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), released new research, the 2021 State of Consumer Banking and Money survey, that demonstrates growing usage of different financial tools by consumers with all generations increasingly turning to digital banking options.

Gaileo surveyed 1,000 U.S. adult consumers (ages 18-64) to understand where they keep their money, and why and how they use their accounts across traditional banks, digital-only banks, prepaid cards and st... Read More

Emerging Trends In Banking And Finance

Thu, 14 October 2021  |  banking demographics 

"As the world of finance continues to evolve, banks, credit unions and fintechs are working to build sustainable solutions that will connect with millenials, Gen Z and baby boomers," said Shayli Lones, VP of Go-to-Market at MX. "The greatest opportunity for banks and credit unions is to capitalize on the level of trust they've already established with their customers. This includes offering competitive and valuable products and services, and keeping the human touch even as interactions move into digital channels."

Key findings include:

Middle Class U.S. Households Have Few Financial Assets

Thu, 14 October 2021  |  retirement 

A new analysis finds that across generations, middle class households in the U.S. own few financial assets and the median amounts held fall far short of the assets needed to fund a secure retirement. In 2019, middle class Millennials owned only 14 percent of their generation's financial assets. The numbers are even worse for middle class Gen Xers and Baby Boomers, which owned eight percent and six percent, respectively, of their generation's financial assets.

"In America, the middle class can no longer afford retirement. Middle class Americans face sharp economic inequalit... Read More

Most Americans Fail to Consult Professionals for Financial Advice

Wed, 13 October 2021  |  advice financial planning 

In a recent survey conducted by the National Financial Educators Council (NFEC), American adults were asked, "When you have a financial question, who do you personally turn to for trusted financial guidance?" The goal of the study was to learn whether people tend to take money advice from trusted professionals, or from some other source.

Following are some selected findings from the survey about where people obtain financial guidance. There were 1,001 respondents from across the US gave their thoughts on this question, "When you have a financial question, who do you personally turn... Read More

Americans’ Priorities, Planning for Retirement are Out of Sync

Tue, 12 October 2021  |  retirement 

The results of a new retirement survey from Regions Bank finds many Americans need help getting on track with savings to retire comfortably. The survey was conducted by Regions Next Step, the bank’s free financial education program.

According to the survey, Americans’ top priority for retirement is maintaining a comfortable lifestyle, with just under half of respondents (45%) saying it is most important to them when thinking about their retirement goals. However, 65% of respondents are not confident they will save enough to retire comfortably. That confidence varies by gen... Read More