Wed, 31 March 2021 | pandemic spending
A new Debt.com survey finds that one-third of respondents are crystal clear about their credit card intentions: "As soon as the pandemic ends, we'll run up bills at restaurants and retailers."
While that might be depressingly predictable to many financial experts, there was a big surprise: Even more people won't do that.
Of the 1,000 respondents, 42 percent agreed with this statement: "I believe we've learned how much interest and fees cost. We'll permanently cut back."
Even higher numbers displayed advanced knowledge of credit card usage that didn't seem to exis... Read More
Wed, 31 March 2021 | workplace
An expectation on the part of workers that they will be allowed to work remotely more often will be one of the legacies of the pandemic, according to a new study by Boston Consulting Group (BCG) and The Network. Eighty-nine percent of people said their preference in the future will be for a job that allows them to ... Read More
Wed, 31 March 2021 | employment
Private sector employment increased by 517,000 jobs from February to March according to the March ADP® National Employment ReportTM. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody's Analytics. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private... Read More
Tue, 30 March 2021 | pandemic recreation
Social distancing and changes in consumer travel habits have benefited one industry significantly… camping. In a survey of 2,000 campgrounds and RV parks performed by CampgroundViews.com nearly two-thirds of respondents stated that their advanced bookings are up 50% over average for the 2021 camping season. 24% of respondents are seeing advanced bookings up over 80% for the same period.
"The outdoors and camping provide a safer alternative to other forms of travel and vacations," stated Mark Koep, Founder and CEO of CampgroundViews.com. "We expec... Read More
Tue, 30 March 2021 | consumers
The Conference Board Consumer Confidence Index® surged in March to its highest reading in a year, after a modest increase in February. The Index now stands at 109.7 (1985=100), up from 90.4 in February. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—climbed from 89.6 to 110.0. The Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—also improved, from 90.9 last month to 109.6 in March.
The monthly Consumer Confidence Survey®Read More
Tue, 30 March 2021 | retirement
The Alliance for Lifetime Income, a non-profit consumer education organization, has released a new economic report that spotlights how underprepared millions of baby boomers are for today's retirement realities and proposes ideas for a new retirement security framework as we approach a historic demographic milestone in the US.
Peak 65 is a term used to describe the point in time when more Americans will turn age 65 than at any point in history, which will occur in 2024.This fast-approaching milestone requires the urgent attention and collective action of retirement security stakeho... 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