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
Thu, 01 April 2021Â Â |Â Â paymentsÂ
A new study from Chase around consumer habits related to recurring payments finds that consumers increasingly rely on recurring credit card payments, care about knowing where their credit cards are digitally stored, and remain focused on getting a better handle on their finances. However, the Chase survey found that sixty percent of respondents have forgotten about at least one recurring payment, and three-Quarters (71%) of respondents estimate they waste more than $50 each month, which can impact monthly balances and support expenses that are simply no longer needed
Recurri... Read More
Thu, 01 April 2021  |  housing real estateÂ
Finding a home is only getting more difficult for this spring's home buyers who in addition to having more than 50% fewer homes to choose from are facing the double whammy of record-breaking prices and rising interest rates, according to the realtor.com® Monthly Housing Trends Report released today. And while more choices and slowing price growth may come to those who wait, mortgage rates will likely continue to creep up.
"In many areas of the country, there are half as many available homes for sale than a year ago -- and in some markets that number increases to less than one... 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