Mon, 11 January 2021 | transportation
Uncertainty and financial concerns driven by COVID-19 continue to have an impact on consumer automotive purchasing behaviors according to a new study from Deloitte. In a global survey of automotive buyers Deloitte found that despite the long-term trend towards electric vehicles (EVs) continuing to solidify, consumer anxiety amid the pandemic may be shifting automotive priorities towards familiarity and affordability, with 74% of U.S. consumers looking fo... Read More
Sun, 10 January 2021 | transportation
According to the J.D. Power 2021 U.S. Manufacturer Website Evaluation Study,SM only 35% of car shoppers are delaying a new-vehicle purchase due to the pandemic, which is a decrease of five percentage points from the summer of 2020. Additionally, almost half (45%) of car shoppers are willing to purchase online and as confidence in online car purchasing increases, manufacturer websites are becoming more sophisticated to meet shoppers’ expectations.
“The digital retail space continuously evolves but the pandemic forced many manufacturers to speed up th... Read More
Sun, 10 January 2021 | housing
The median home sale price increased 13% year over year to $319,000 during the 4-week period ending January 3, according to a new report from Redfin.
Below are other key housing market takeaways for 400+ U.S. metro areas during the 4-week period ending January 3.
Fri, 08 January 2021 | spending
A new survey from doxoINSIGHTS looks at consumer sentiment toward the U.S. government’s $600 stimulus checks. With more than half of all Americans believing that they will receive a stimulus check, the latest doxoINSIGHTS survey shows that the majority of Americans (59%) plan to use the money to pay household bills, with utilities; cable/internet; rent; mortgage; and mobile phone bills topping the list. While 90% of consumers believe the funds will help their financial health in the new year, recentl... Read More
Fri, 08 January 2021 | stock market investing
A new study from E*TRADE indicates an increasingly bullish investor mindset despite volatility and recession concerns, and two-thirds believing the stock market is in bubble territory.
“Investors see that unprecedented fiscal stimulus, the Fed’s easy monetary policy, the vaccine rollout, and relatively healthy earnings are all positives for the market,” said Mike Loewengart, Managing Director of Investment Strategy at E*TRADE Financial. “Yet at the same time there is awareness that some, if not all, of these factors may already be priced in, and market corrections are a ma... Read More
Fri, 08 January 2021 | housing
Consumer confidence in housing fell in December despite record low mortgage rates. The Fannie Mae Home Purchase Sentiment Index® (HPSI) fell for the second straight month in December to 74.0, a 6.0 point decline from November. Five of the six HPSI components decreased month over month, and consumers reported a substantially more pessimistic view of homebuying and home-selling conditions, which drove the relatively large monthly change. Year over year,
News and insights about consumer and demographic financial trends
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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