Mon, 05 April 2021Â Â |Â Â economyÂ
On the heels of last week's strong job report from the Bureau of Labor Statistics (BLS), The Conference Board reported strong gains in it's Employment Trends IndexTM(ETI), up almost 8 percent compared to a year ago.
On Friday, the BLS reported total nonfarm payroll employment rose by 916,000 in March, and the unemployment rate edged down to 6.0 percent. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic. Job growth was widespread in March, led by gains in lei... Read More
Thu, 01 April 2021  |  financial planning demographicsÂ
No one would disagree that the recent pandemic has profoundly affected life as we know it, both from a personal and financial perspective. ScoreSense's study of over 1,000 consumers concerning preparing for emergencies revealed that, as people scramble to make ends meet, more than 6 in 10 consumers are happy with their emergency financial preparations, despite the results of those preparations.
The survey asked respondents about their financial preparedness for recent and future emergencies. Its findings include:
Thu, 01 April 2021  |  demographics investingÂ
Greenlight® Financial Technology, Inc. ("Greenlight"), released new findings from a national survey that shine a light on the state of financial literacy among teens. In honor of Financial Literacy Month, the survey aims to better understand the challenges and opportunities for teens to improve their financial knowledge.
The results show that Gen Z is interested in personal finance and investing, but they lack confidence and want more financial education.
Key insights include:
Gen Z's personal finance confidence is low, but they're hungry to learn
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Thu, 01 April 2021  |  retirement investingÂ
As COVID-19 continues to drive economic uncertainty, Americans are facing critical choices about how to invest and approach a financially secure retirement. A new survey conducted by Capital Group, home of American Funds, and one of the world’s leading investment management firms, finds that investors of all ages may lack the confidence, knowledge and resources needed to do just that.
The research analyzes the sentiments and behaviors of 1,215 American adults amid the ongoing pandemic. While nearly 9 out of 10 investors find the predictability of a monthly “retirement paycheckâ€... Read More
Thu, 01 April 2021  |  pandemic investingÂ
The latest QAIB report (Quantitative Analysis of Investor Behavior) from DALBAR, Inc. found that the Average Investor reacted in an atypical fashion during the market turmoil of last March; fleeing from fixed income investments but holding steady with their equity levels. The study reports that only 11% of investors cashed out investments in response to the market crash last March. The level of money movement among equity funds was similar to other times of crisis; however, in 2020, a much greater proportion of the money movement was via exchanges into other equity investments.
... Read More
Thu, 01 April 2021  |  housing real estateÂ
Median home prices of single-family homes and condos in the first quarter of this year were more affordable than historical averages in 52 percent of counties with enough data to analyze. That was down from 63 percent of counties in the first quarter of 2020 and 95 percent during the same period five years ago. But rising wages and falling mortgage rates still compensated for near-20 percent spikes in home prices over the past year, helping to keep median home prices affordable for average wage earners around the country.
The report determined affordability for average wage earners ... 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 Â
Consumers Growing Cautious Amid Rising Inflation and Economic Uncertainty Â
US Taxpayers Say Tax Refunds are a Financial Necessity Â
Consumer Pessimism Grows Despite Stable Long-Term Inflation Expectations Â
Economic Uncertainty and Inflation Impact Retirement Prospects for Americans Â
AARP Survey Reveals Alarming Retirement Savings Trends Â
Hispanic Consumers More Optimistic About Finances Â
Homeowners Facing Increasing Insurance Rates Â
U.S. Foreclosures Increase In First Quarter Â
Consumers Perceive Less Buying Power Despite Lower Inflation Â