Wed, 12 May 2021 | employment workplace
More than half (54%) of employees surveyed from around the world would consider leaving their job post-COVID-19 pandemic if they are not afforded some form of flexibility in where and when they work, according to the EY 2021 Work Reimagined Employee Survey.
The survey – one of the largest global surveys of its kind – canvassed the views of more than 16,000 employees across 16 countries and multiple industries and job roles. It explores employee attitudes and experiences to work throughout the pandemic and into the "next normal".
Flexibility
The... Read More
Wed, 12 May 2021 | advice financial planning
As vaccination rates rise and restrictions ease across the country, a majority of Americans feel optimistic about the state of the United States overall, including the economy, the stock market and their personal financial prospects, according to Schwab’s 2021 Modern Wealth Survey, an annual examination of how 1,000 Americans think about saving, spending, investing and wealth.
More than 60 percent of Americans surveyed are optimistic about the U.S. stock market, and more than half feel positive about the U.S. job market, economy and role as a global economic power.
Tue, 11 May 2021 | housing real estate
Redfin forecasts a record $2.53 trillion worth of home sales in America in 2021—a 17% year-over-year gain that would mark the largest annual increase in percentage terms since 2013. Redfin made the prediction in a new report out today. To put $2.53 trillion into perspective, it's roughly equal to the value of Amazon.com Inc. and Facebook Inc. combined, or the 2020 gross domestic product (GDP) of France.
The U.S. housing market has undergone a meteoric rise during the coronavirus pandemic, fueled by record-low mortgage ... Read More
Tue, 11 May 2021 | consumers
Overall customer satisfaction, tracked by the American Customer Satisfaction Index (ACSI®), fell in the first quarter. It has now dropped in nine of the past 10 quarters and puts ACSI at its lowest level in 15 years (73.6 out of 100).
The collapse in customer satisfaction began in late 2018, well before the COVID-19 pandemic began.
ACSI and GDP growth are related, primarily via consumer spending which accounts for about two-thirds of GDP. For discretionary goods and services, satisfied consumers tend to spend more than dissatisfied consumers.
The decline i... Read More
Tue, 11 May 2021 | employment workplace
The Travelers Companies, Inc. announced the results of the Travelers Mental Wellness Checkup, a national survey of 2,000 employed adults across more than 10 industries. Most respondents reported experiencing some type of negative effect on their mental health since the pandemic began last year: 59% have worried about losing a loved one, 50% have suffered from loneliness and 37% said their level of personal stress has worsened.
However, respondents have remained resilient, as most reported that their mental state appears to be recovering, with 73% describing their current mental h... Read More
Mon, 10 May 2021 | employment
The Conference Board Employment Trends Index™ (ETI) significantly increased in April, after an increase in March. The index now stands at 105.44, up from 102.65 (an upward revision) in March. The index is currently up 45.7 percent from a year ago.
"Despite the disappointing April jobs report, the Employment Trends Index significantly increased in April, suggesting strong employment growth in the coming months," said Gad Levanon, Head of The Conference Board Labor Markets Institute. "Most of the Index's components are rapidly improving.... 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