Thu, 01 April 2021 | payments
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 estate
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
Wed, 31 March 2021 | pandemic investing
The COVID-19 pandemic has reshaped the ways in which many investors are spending and saving their money – and they expect they’ll carry their newfound priorities into the future, according to new research released today from Ameriprise Financial (NYSE: AMP). The Financial Priorities study surveyed more than 3,000 Americans with at least $100,000 in investable assets to understand what they care most about when it comes to their money, and how their priorities have changed amid the challenges of the last year.
A majority of respondents (63%) said their household income was not ... Read More
Wed, 31 March 2021 | pandemic workplace
One year after the COVID-19 pandemic forced many U.S. employees across the country to transition to remote work, the youngest and oldest generations are divided on its impact. MetLife’s 19th annual U.S. Employee Benefit Trends Study finds more than half of workers in their 20s (51 percent), including Gen Z and young millennials, say their work-life balance is better now than before the pandemic, while only one-quarter of baby boomers say the same.
While employees across generations feel their holistic well-being – which includes physical, mental, social and financial healt... Read More
Wed, 31 March 2021 | pandemic retirement
The COVID-19 pandemic has shaken many U.S. adults' confidence in retiring comfortably or on time, with one-in-five (19%) reporting it has forced them to delay their retirement or no longer retire at all, according to the new 2021 Tax-Efficient Retirement Income survey.
Conducted by The Harris Poll on behalf of The Nationwide Retirement Institute®, the study also found one-fourth (27%) of Americans have saved less or stopped saving for retirement because they lost their job or for other reasons. In result, almost two-in-five Americans (37%) have or are likely to withdraw money fr... Read More
Wed, 31 March 2021 | pandemic spending
With the end of the pandemic finally in sight, one of its lasting legacies may be pulling American consumers toward new and seemingly contradictory directions of behavior.
A new report from The Conference Board, Consumer Behaviors and Business Opportunities in the COVID-19 Era, maps the convergence—and divergence—of three key trends. First, a year of shutdowns and job losses has sparked a renewed focus on frugality, with many consumers switching to value-priced products, services, and brands. Yet even as this economic anxiety fueled vices like drinking, gambling, and ove... 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