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
Mon, 25 April 2022 | sustainabillity
Americans are seeing the progress being made in corporate sustainability, but are looking for companies to step up their efforts even more. At the same time, consumers have a broader definition of sustainability, with increasingly influential social factors driving sustainable purchasing decisions. This is according to a survey conducted by The Conference Board among 1923 American adults in collaboration with The Harris Poll.
Key messages are contained in two reports on consumer sustainability priorities and their vision for progress across sectors. For consumers, sustainabilit... Read More
Mon, 25 April 2022 | financial planning
According to TD Wealth's fourth annual estate planning survey, digital tools and assets could be adding another level of complexity to the planning process.
This year's survey found that more than two-thirds (69%) of estate and financial planners are now incorporating digital tools into their clients' estate plans.
The digital content that led the way into estate plans in 2022 included blogs, social media and email accounts (71%), followed by passwords at 67%. The increase in the use of digital content and tools is consistent with an increased interest in digital ass... Read More
Sat, 23 April 2022 | travel
With summer vacation season approaching fast, people aren’t flip-flopping on their desire to travel. A new survey from Vacasa revealed that 63% of Americans plan to get away this summer, which is a slight jump from the 59% who planned to do so in 2021, and that 85% of summer travelers report plans to vacation more frequently this summer compared to last.
Though there are still factors keeping people homebound or undecided about summer vacations, including rising travel and gas prices, COVID-19 is having less of an impact on travel plans. At this point in the pandemic, more so ... Read More
Fri, 22 April 2022 | housing
Homebuyer demand softened further over the last several weeks, as a typical slump in buying and selling over Easter and Passover weekend amplified a recent slowdown triggered by surging mortgage rates and housing costs. That’s according to a new report from Redfin (redfin.com)
Roughly 1 in 8 sellers cut their list prices during the four weeks ending April 17—the highest share in five months—and asking prices declined slightly from the previous four-week period. Redfin's Homebuyer Demand Index—a measure of requests for home tours and other home-buying services from Redfin a... 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