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
Fri, 26 March 2021 | consumers economy
The COVID-19 pandemic is still impacting the United States' economy. Even though the Internal Revenue Service delayed the tax filing deadline, many may still file early -- if they haven't already. Some taxpayers may be relying on their refunds for financial certainty after an uncertain year. A new survey from MyBankTracker.com asked more than 3,500 Americans how they plan to use their tax refund.
Fri, 26 March 2021 | economy
Personal income dropped and disposable personal income fell in February after double digit gains the previous month. Real DPI decreased 8.2 percent in February and Real PCE decreased 1.2 percent; goods decreased 3.3 percent and services decreased 0.1 percent (tables 5 and 7). The PCE price index increased 0.2 percent. Excluding food and energy, the PCE price index increased 0.1 percent (table 9).
COVID-19 Impact on February 2021 Personal Income and Outlays
The estimate for February personal income and outlays was impacted by the continued government response to COVID-... 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