Wed, 27 April 2022 | consumers economy
As world tensions increase and the stock market continues to be volatile, Americans say they are increasingly pessimistic about the economy and stock market performance. In fact, less than half (47%) say they think the economy will improve in the next year, according to the 2022 Q1 Quarterly Market Perceptions Study from Allianz Life Insurance Company of North America. This is down from more optimistic times – 54% in Q4 2021 and 66% in Q4 of 2020.
The majority of respondents (60%) also said they were worried that a major recession is right around the corner. Digging deeper, ... Read More
Tue, 26 April 2022 | investing pandemic
The honeymoon may be coming to an end for the tens of millions of new do-it-yourself (DIY) investors who flocked to do-it-yourself retail brokerage firms during the past few years. According to the J.D. Power 2022 U.S. Self-Directed Investor Satisfaction Study,SM released today, pandemic-era investors who have opened accounts during the past three years are experiencing significantly more problems with their accounts and lower levels of customer satisfaction, resulting in brand loyalty scores that are less than half those of more tenured clients.
“Pandemic-era in... Read More
Tue, 26 April 2022 | crypto retirement
Fidelity Investments®, one of the largest financial services providers, today announced the launch of Fidelity’s workplace Digital Assets Account (DAA), the industry’s first offering that will enable individuals to have a portion of their retirement savings allocated to bitcoin through the core 401(k) plan investment lineup. The innovative new offering, which MicroStrategy plans to add to its 401(k) plan later this year, will be available broadly to employers mid-year.
Enabling interested employers to offer their employees access to bitcoin through an investme... Read More
Tue, 26 April 2022 | consumers
The Conference Board Consumer Confidence Index decreased slightly in April, after an increase in March. The Index now stands at 107.3 (1985=100), down from 107.6 in March. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—fell to 152.6 from 153.8 last month. However, the Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—ticked up to 77.2 from 76.7.
"Consumer confidence fell slightly in April, after a modest increase in March,&qu... Read More
Mon, 25 April 2022 | demographics financial planning retirement
Millennials have an evolving vision of retirement, different from previous generations, according to Schwab’s new Retirement Reimagined Study that uses advanced predictive modeling techniques to forecast key differences in how Millennials, Gen X and Boomers will approach saving for and living in retirement. The first of its kind study also projects four distinct retirement personas that Millennials could fall into as many of them transition to retirement around 2050.
Among its key findings, Retirement Reimagined reveals that while Millennials have the jump on Boomers when... Read More
Mon, 25 April 2022 | privacy
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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