Friday, April 3, 2026

A Service Few Retail Bank Customers Ask For

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

Long-Term Care Costs Could Top $600K In Retirement

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

New Vehicle Prices Hit Record In May

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 More

Men Ready To Splurge On Vacations

Tue, 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

Majority Of WFH Workers Concerned About Office Safety

Thu, 10 June 2021  |  employment workplace 

As the United States' vaccination rollout gains momentum, millions of American workers are expected to return to their office desks once again this summer. But for many of them, workplace safety remains a big concern. Results of a national online survey, conducted by edtech firm MindEdge Learning, show that 59% of those who have not yet returned to the workplace are concerned they will be required to come back before it is safe to do so. MindEdge's second annual survey on remote work, The State of Remote Work 2021: The Age of the Hybrid Workplace found that concerns about workplace safety ... Read More

Demand For Second Homes is Cooling to Pre-Pandemic Levels

Thu, 10 June 2021  |  housing interest rates 

The number of buyers who locked in mortgage rates to purchase a second home nationwide rose 48% year over year in May, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Though that's a significant increase, it's the first time in a year the annual growth rate has fallen below 80%. Year-over-year increases are likely exaggerated because demand for second homes was relatively low in May 2020 due to the coronavirus pandemic slowing real estate activity.

Demand for vacation homes jumped in June 2020 as the U.S. real estate market came ro... Read More

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