Tue, 06 July 2021 | transportation
Consumers seeking relief from new car prices in the used car market might be a bit dismayed by used car prices as well, according to the car shopping experts at Edmunds. Edmunds data reveals that the average transaction price (ATP) for used vehicles climbed to $25,410 in the second quarter of 2021 compared to $22,977 in Q1 and $20,942 in Q2 2020, marking the highest quarterly used ATP Edmunds has on record.
"Tighter inventory and fewer discounts in the new car market are pushing shoppers to seek a reprieve in the used market, and this consumer behavior is what's also driving ... Read More
Tue, 06 July 2021 | workplace
More and more offices plan to reopen their doors in the coming months, but will their workers show up? Amid higher productivity, 43 percent question the wisdom of returning to the workplace at all.
The new survey by The Conference Board reveals a notable shift in employees' greatest return-to-work concerns. Once dominant fears of contracting COVID-19 or exposing family members to it now lag behind anxieties about returning at all, dropping by nearly half in the last nine months. Moreover, a clear divide among workers emerged, with lower-level employees, women, and millennials questi... Read More
Thu, 24 June 2021 | advice banking
Retail banks are finding the ultimate formula for customer engagement in a service few customers ask for, but many could benefit from: financial advice. According to the J.D. Power 2021 U.S. Retail Banking Advice Satisfaction Study,SM released today, 69% of customers who receive advice from their banks act on it, but just 19% of customers say they are interested in receiving it. These findings are notably important in a challenging economic environment in which fewer than half of retail bank customers are financially healthy and just 38% pass a basic financial literacy test. Read More
Tue, 22 June 2021 | healthcare
An average healthy 65-year-old couple living to their projected actuarial longevity has a 75% chance that one partner will require a significant level of long-term care (LTC), according to a new HealthView Services report. The data show a 25% probability that both will need LTC care in a skilled nursing facility, an assisted living facility, or require at least 44 hours per week of skilled at-home care.
The new report, "Long-Term Care & Financial Planning," draws upon HealthView Services' actuarial data to highlight the projected LTC costs, the probability care will be required a... Read More
Tue, 22 June 2021 | transportation
The estimated average transaction price for a light vehicle in the United States was $41,263 in May 2021, according to the analysts at Kelley Blue Book. New-vehicle prices increased $2,125 (up 5.4%) from May 2020, while increasing $493 (up 1.2%) from April 2021.
"Last month's average transaction price performance highlights an all-time high in year-over-year growth for the month of May," said Kayla Reynolds, industry intelligence analyst at Cox Automotive. "Many manufacturers reported year-over-year gains in average transaction prices. The largest increase came from Mitsubishi,... Read MoreTue, 22 June 2021 | travel
New survey results from Quicken show that people are planning on a major comeback in summer travel this year, with men, women and parents expressing different expectations for their travel and the related expenses. After a year of restrictions due to the pandemic, over 75% of survey respondents are planning to go on at least one vacation this summer, and half plan to take more than one trip.
Not only are more people saying they are planning to take vacations but, according to Quicken's survey, nearly half (43%) of those expect to spend more money than they did in previous years. Me... Read More
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