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
Tue, 30 March 2021 | economy demographics
U.S. investor optimism dipped in the first quarter as unimagined turmoil roiled the nation’s capital and confusion and delays in the administration of COVID-19 vaccines captured public attention.
The Wells Fargo/Gallup Investor and Retirement Optimism Index fell to +26, down 16 points from +42 in Q4. This reversed much of the improvement seen in the fourth quarter as the markets surged following positive news about COVID-19 vaccine trials.
The dip in optimism this quarter was in part due to investors being less optimistic about their household income. Within the index... Read More
Tue, 30 March 2021 | workplace employment
A Gartner, Inc. survey of 127 finance and corporate real estate (CRE) leaders in February 2021 showed that 59% of respondents are expecting shared office seating for at least a quarter of their employees who return after the COVID-19 pandemic.
“An increase in remote working will meaningfully change office space configurations, which will subsequently affect employees, finances and corporate real estate,” said Tammy Shoham, director in the Gartner Finance practice. “The most obvious consequence is that firms will need less office space per employee. While it is difficult to ac... Read More
Tue, 30 March 2021 | payments fintech
PayPal Holdings, Inc. announced the launch of Checkout with Crypto, a new feature which significantly expands the utility of cryptocurrency. Available at millions of global online businesses and continuing to expand over the coming months, PayPal customers with cryptocurrency holdings in the U.S. will be able to choose to check out with crypto seamlessly within PayPal at checkout.
Building on the ability to buy, hold and sell cryptocurrency with PayPal, customers using Checkout with Crypto can check out safely and easily, converting cryptocurrency holdings to fiat currency1 ... Read More
Mon, 29 March 2021 | housing
More than three million renters said they were at risk of losing their homes with the federal eviction moratorium that set to expire on Wednesday, but a new Zillow analysis shows the number of households ultimately evicted could be as low as 130,000, depending on government action, the pace of economic recovery, and how landlords respond.
That range highlights the need for federal intervention -- both continuing the moratorium, which happened this morning, and additional assistance that will help not only struggling renters but also their landlords, such as the $45 billion in... 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