Mon, 17 March 2025 | economy tax
Trustpilot, a global independent review platform, has released its 2025 tax season survey data, revealing the financial strain shaping taxpayer behavior. With 79% of Americans reporting inflation and the rising cost of living as their top concerns, 51% of Americans see their tax refund as a financial necessity rather than a windfall. Generational differences highlight that younger taxpayers feel the greatest strain, with half of those aged 18-34 relying on refunds for essentials like rent, groceries, and bills. Filing habits also reflect a generational divide—while younger taxpayers f... Read More
Tue, 11 March 2025 | consumers economy
The Federal Reserve Bank of New York’s latest Survey of Consumer Expectations revealed a mixed economic outlook among U.S. households. While medium- and longer-term inflation expectations remain steady, consumers are increasingly pessimistic about their financial futures. Short-term inflation expectations rose slightly to 3.1%, but three- and five-year projections stayed at 3.0%, reflecting some optimism about price stability over time. However, this stability is overshadowed by mounting concern across job markets, credit access, and household finances.... Read More
Mon, 13 May 2024 | economy retirement
As economic ambiguity and inflation heighten investors' retirement concerns, Americans are coming to terms with a difficult reality: their retirement prospects are more uncertain than they anticipated, and their inability to know what to expect in the future is throwing their plans into flux.
According to Nationwide's ninth annual Advisor Authority survey, powered by the Nationwide Retirement Institute®, more than 6 in 10 (61%) investors say their expectations for retirement have changed significantly in the last five years. Nearly half report that their dreams for retirement ha... Read More
Fri, 26 April 2024 | retirement
In a recent survey conducted by AARP, concerning insights into the financial preparedness of adults aged 50 and above have been unveiled, painting a worrying picture of retirement readiness in the United States.
The survey found that a significant portion of adults in this age group, precisely 20%, have no retirement savings whatsoever. Furthermore, a staggering 61% expressed concerns about whether they will have sufficient funds to support themselves during retirement.
An interesting gender disparity was also noted. The overall sense of financial security among men has seen... Read More
Mon, 22 April 2024 | demographics economy finances
Hispanics were more optimistic about their finances and the economy due to the declining unemployment rate among Hispanics according to a new poll from the Florida Atlantic University.
The Hispanic Consumer Sentiment Index (HCSI) increased to 85.3 in the first quarter of the year, an uptick from 76.3 in the fourth quarter of 2023. Overall, optimism increased in the five questions used to generate the HCSI when compared to the fourth quarter of 2023.
Fifty-nine percent of Hispanics indicated they were bett... Read More
Thu, 11 April 2024 | housing inflation insurance
In an evolving market landscape shaped by external pressures, homeowner insurance rates have increased significantly over the past year. The period from 2023 to 2024 has been marked by shifts driven largely by climate change, economic turbulence, and technological advancements.
In 2023, regions vulnerable to natural disasters witnessed some of the most significant premium increases. For instance, California, frequently battling wildfires, saw homeowner insurance rates surge by an average of 18% year-over-year. Similarly, Florida and Louisiana, often in the path of destructive hu... 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