Monday, April 6, 2026

Just 26% of Americans Near or at Retirement Age Have Enough Saved for Retirement

Thu, 18 March 2021  |  retirement 

According to the new U.S. Retirement Survey released today by Schroders, saving for the future is among the top three activities Americans have devoted more attention to since the outbreak of the COVID-19 crisis that began over a year ago.

The activities Americans have focused more on during the crisis include:

• Health and fitness (53%)
• Spending time with family (52%)
• Saving for the future (39%)
• What to watch on Netflix and other streaming services (38%... Read More

  Tax Credit Could Cover Entire Down Payment For Homes in 40 of the 50 Largest U.S Metros

  Tue, 16 March 2021  |  housing 

  Zillow research found that with a 3.5% down payment on a 30-year mortgage with a 3% interest rate, about 9.3 million renter households in the U.S. (27.4%) would spend less than a third of their income on the monthly payment for the median home sold in their metro in 2020. An advanceable tax credit would remove for them what two thirds of renters cite as the single biggest barrier to homeownership -- saving for a down payment. Other hurdles include qualifying for a mortgage and job security.

  A tax credit could be even more beneficial to renters in relatively more affordable metros... Read More

  Retirees Reduce Spending As They Age

  Tue, 16 March 2021  |  retirement 

  T. Rowe Price, a global investment management firm and a leader in retirement, has published a white paper analyzing retiree spending habits, and found that retiree spending declines annually by 2%. This finding is significant because conventional retirement income planning assumes that retirees want to maintain a certain standard of living or a certain level of spending. However, the data suggests that retirees tend to adjust their spending to match their income so that they can avoid drawing down their assets. In particular, the analysis reveals that retirees choose to adjust their nondis... Read More

  Early Retirement Withdrawals Drop Among Female Investors Year Over Year

  Fri, 12 March 2021  |  demographics retirement 

  With Women’s History Month underway, StreetWise, the E*TRADE quarterly tracking study of experienced investors, looked at retirement savings trends among female investors. The survey found female investors are less likely to tap into retirement funds. Fewer than one out of three (30%) women said they have withdrawn from their retirement accounts early, down 10 percentage points from Q1 2020. And 30% of the total population has tapped into retirement funds early, down just 3 percentage points from last year.

  The study also found that more women are contributing to their... Read More

  Millennial and Gen Z Workers Are Struggling Most During the Pandemic

  Fri, 12 March 2021  |  demographics health 

  One year into the COVID-19 pandemic, a new study shows younger workers (ages 18 – 40) are struggling the most with mental health and substance abuse. Fifty-nine percent of Millennials and 71% of Gen Z workers now report mental health issues as compared to 22% of Boomers and 35% of Gen Xers. Serious mental illness jumped from 10% to 16% of Millennials since the pandemic began, compared to a 3% increase in Gen X workers and a 1% increase in Boomers. The latest data comes in an effort to understand the state of workplace behavioral health since the start of the COVID-19 pandemic. The Standar... Read More

  Nearly 4 in 10 Americans Are Mooching Off Someone Else's Streaming Account

  Fri, 12 March 2021  |  technology 

  It's official: Americans love to stream. With more than 8 in 10 Americans saying they spend money on at least one streaming service — and 4 in 10 admitting that they mooch off someone else's paid account — binge-watching is a national pastime.

  That was among the key findings in a LendingTree survey of over 1,500 Americans on their streaming habits. The survey also revealed that parents are the group most likely to subscribe, Netflix is the most popular service and more than a third of streamers are earning credit card rewards on their subscription spend.

  Key findings<... Read More

  
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