Tue, 09 August 2022 | economy inflation
State Street Global Advisors, State Street Corporation's (NYSE: STT) asset management business, released its Inflation Impact Survey today. The survey reveals how inflation affects Americans' spending, saving, and investing behavior. Over two-thirds of investors (67%) are concerned about our country's economic outlook over the next 12 months, with over half also concerned about market volatility (57%) and the value of their current investments (59%). Generation X is more concerned than Millennials or Boomers about inflation, the stock market, and the economy.
Less than a quarter... Read More
Tue, 09 August 2022 | economy inflation customer experience CX UX
In the US, customer satisfaction is steadily declining. Not only has it decreased for three straight quarters, but it has also decreased by 5% during 2018—the biggest reduction in the ACSI's 28-year history. On a scale of 0 to 100, it is currently at 73.1 and has declined in 12 of the last 15 quarters.
The traditional remedy for reducing inflation and calming an overheated market is to raise interest rates. However, the current economic climate has unique difficulties.
However, the current economic downturn is distinct from those in the past and more complex. It is u... Read More
Mon, 08 August 2022 | housing
Fannie Mae's Home Purchase Sentiment Index (HPSI) decreased 2.0 points in July to 62.8, its lowest level since 2011. Surveyed consumers continue to express pessimism about homebuying conditions. Only 17% of respondents say it's a good time to buy a home. The percentage of Americans who say home prices will go up or down in the next 12 months has decreased. The percentage who say it's a good time to buy a home has increased, but not at the same rate as those who think mortgage rates will go down. Home Purchase Sentiment Index (HPSI) distills consumer sentiment from Fannie Mae's National Hous... Read More
Mon, 08 August 2022 | economy inflation
Median one- and three-year-ahead inflation expectations both declined sharply in July, from 6.8 percent and 3.6 percent in June to 6.2 percent and 3.2 percent, respectively. Both decreases were broad-based across income groups, but largest among respondents with annual household incomes under $50,000 and respondents with no more than a high school education. Median five-year ahead inflation expectations, which have been elicited in the monthly SCE core survey on an ad-hoc basis since the beginning of this year, also declined to 2.3 percent from 2.8 percent in June. Expectations about year... Read More
Fri, 05 August 2022 | investing
According to the latest quarterly Investor Sentiment survey from UBS optimism among high-net-worth investors dipped to early-pandemic levels. The survey of over 2,800 investors and 1,100 business owners in 14 markets found that investors are saving for retirement and delaying big purchases.
Nearly three-quarters of investors are worried about making bad investment decisions and are holding cash. Despite this, they see long-term investment opportunities in energy security, smart mobility, and automation/robotics.
Iqbal Khan, President of UBS Europe, Middle East, an... Read More
Fri, 05 August 2022 | retirement women
Inflation risk (73%) tops the list of women's financial concerns, ahead of illness or disability (71%), market volatility (70%), longevity (58%) and unemployment (43 percent ). 41% of women say they know how to avoid inflation risk.
The State of Women 2022 study examined women's financial risks and investment portfolios. All income levels showed low inflation preparedness. 44% of women with incomes above $200,000 know how to address inflation risk in their portfolios.
Jean Chatzky, HerMoney CEO and Alliance for Lifetime Income Fellow, says inflation protectio... 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