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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Mon, 25 April 2022 | workplace
Among those who were employed four months ago, 92.8 percent were still employed, compared to 91.0 percent in November 2021. This is the highest share seen since July 2016. The increase was due to a decline in transitions out of the labor force from 4.2 percent in November to 1.7 percent in March. This decline was broad-based and was most notable for respondents over age 45 and those with an annual household income of less than $60,000. The proportion of individuals who reported searching for a job in the past four weeks increased to 23.3 percent in March, from 21.9 percent in November. T... Read More
Mon, 25 April 2022 | investing retirement
According to a new survey of 2,209 U.S. adults commissioned by digital wealth management firm Empower Personal Capital*, only 23% of Americans who do not currently consider themselves "high" wealth believe they can achieve it . "Your net worth is a powerful financial indicator because it gives you a complete picture of your financial situation," said Michelle Brownstein, certified financial planner and vice president of Personal Capital's private client group. “This month is a good time to set goals for increasing your net worth.”
Americans say the main factors behind gett... 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