Mon, 19 April 2021 | pandemic workplace
Despite worldwide travel bans and ongoing concerns about health and safety risks due to COVID-19, nearly 3 in 5 workers (59 percent) say they are more willing to relocate for work now than they were prior to the pandemic. In fact, 80 percent of workers would relocate during the pandemic, including 31 percent who would relocate internationally, according to a new survey of 1,000 workers in nine global markets.
Post-pandemic, employee interest in corporate relocations will continue to grow, as workers are ready to pack their bags and explore a new world of opportunities. Eighty-fo... Read More
Mon, 19 April 2021 | ESG investing
A new survey of 400 financial advisor by Broadridge Financial Solutions, reveals that a majority of advisors across channels use ESG products, citing direct interest from investors. The study also shows how the advisor-wholesaler relationship is evolving post-pandemic. Sixty-one percent of advisors use ESG products, and usage is even higher among female advisors (71%) and advisors under 40 (67%). Of advisors who use ESG products, 81% plan to increase their usage over the next two years as investors actively seek out these products. Wirehouse advisors are the most likely of all channels t... Read More
Mon, 19 April 2021 | demographics media
Deloitte's annual "Digital Media Trends" survey, 15th edition, found a world reshaped by pandemic-driven trends; and one where streaming video and subscription services have revolutionized the traditional U.S. media and entertainment industry. The online survey of 2,009 U.S. consumers, conducted in February 2021, also revealed there is growing competition for audiences among a crowded field of streaming video providers, but also with other forms of entertainment, including music, video gaming and social media services. In this world of limitless choice, consumers can e... Read More
Thu, 15 April 2021 | investing
With consumers in the Millennial1 generation poised to inherit more than $68 trillion in wealth from their Boomer parents during the next decade, full-service wealth management firms have a vested interest in tailoring their services to the evolving needs of younger investors. According to the J.D. Power 2021 U.S. Full-Service Investor Satisfaction Study,SM released today, the past year has exposed a stark divergence in the investment behavior of younger investors compared with their older counterparts.
“Investors under age 40 are changing much more qui... Read More
Thu, 15 April 2021 | employment retirement
One year into the COVID-19 pandemic, business leaders remain focused on helping employees manage the impact of recent market volatility on their retirement plans, according to the latest quarterly Principal® Retirement Security Survey1. More than 75% of employers say they are doing their part by providing the education and resources needed to plan for retirement, yet half of employers also say they are concerned about the overall low preparation for retirement on the part of their workers. Nearly half of workers surveyed say they are somewhat or very confident about having enough money sav... Read More
Thu, 15 April 2021 | housing
The national median home-sale price hit a record high of $353,000 in March, up 17% from 2020 and a record high rate of growth, according to a new report from Redfin. The housing market set several other records in March, even considering the fact that year-over-year comparisons are now looking at the start of the pandemic:
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