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
Tue, 30 March 2021 | housing
With the pandemic shift to 'everything from home', the home has taken on more importance for American homeowners, Unison's 2021 "State of the American Homeowner" survey found. Homeowners are using their homes as offices, gyms, schools, shopping and much more. As a result, nearly ⅔ (64%) of respondents say living through the pandemic has made their home more important to them now than ever before.
According to the research, which surveyed 2,000 homeowners in the United States, homeownership brings positive feelings, with 91% of homeowners saying ... Read More
Tue, 30 March 2021 | financial literacy
The National Financial Educators Council (NFEC) highlights results from its financial literacy testing data annually and has reported on 119,813 across the past decade.
Over the past year, the NFEC recently asked 7,246 people across all 50 US states to respond to a test measuring their current personal finance knowledge. The results were broken down into six age groups as follows:
Average score of those aged 10 – 14 years old: 57.41%
Average score of those aged 15 – 18 years old: 65.82%
Average score of those aged 19 – 24 years old: 71.11%
Av... 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