Wednesday, April 8, 2026

Most Americans Plan to Save Their Tax Refunds

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.

• Building savings is the most popular intended use (19%) for the 2021 tax season refund
• About 14% plan to pay off existing debt Read More

  Personal Income Drops In February

  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

  Mortgage Rates Jump Up

  Thu, 25 March 2021  |  housing interest rates 

  Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.17 percent.
  

  “During the course of the pandemic, ‘home’ has become more important than ever. As a result, strong purchase demand continues—but buyers also outnumber the sellers,” said Sam Khater, Freddie Mac’s Chief Economist. “Since January, mortgage rates have increased half a percentage point from historic lows and home prices have risen, leaving potential homebuyers with less purchasing power. Un... Read More

  Millennials Chasing The American Dream

  Thu, 25 March 2021  |  millennials housing 

  Homeownership is very much a part of the American Dream, even for millennials, long considered "the rent generation," a new realtor.com® survey finds. However, rising prices and a shortage of available homes for sale is making it more difficult for people to achieve their goal.

  The realtor.com® HarrisX survey of more than 800 prospective homebuyers who plan to purchase their first home in 2021 sheds light on the aspirations and challenges facing those who are embarking on one of life's biggest financial decisions.

  "Americans, even millennials who many thought would n... Read More

  Saving In A Pandemic Economy

  Thu, 25 March 2021  |  pandemic saving 

  As the one-year anniversary of the COVID-19 pandemic reached the United States, surprisingly, nearly seven-in-ten (69%) Americans revealed that they are optimistic about their current financial outlook and nearly one-third (30%) are more optimistic compared to previous economic downturns according to the MassMutual Consumer Spending & Saving Index, released today. This is despite the vast majority (77%) agreeing that the health crisis caused the worst economic downtown in their lifetimes.

  Saving has been difficult with almost half of survey respondents (49%) saying they have s... Read More

  COVID-19 Spurs Greater Interest in Life Insurance

  Thu, 25 March 2021  |  pandemic insurance 

  Nearly one third of consumers (31%) say COVID-19 has made it more likely they will purchase life insurance within the next 12 months, according to initial findings from the 2021 Insurance Barometer Study. The study, conducted jointly by nonprofit industry trade associations LIMRA and Life Happens, finds Millennials (ages 22-40) seem to be most influenced by the pandemic when it comes to coverage. Forty-five percent of Millennials said they are more likely to buy life insurance due to COVID-19 than Baby Boomers (15%) or Gen X consumers (31%).

  “COVID-19 has raised awareness about... Read More

  
  Prev  Next