2024-04-09 23:15:00 | demographics retirement
... also revealed a strong inclination among Americans to seek advice from financial professionals on optimizing investment returns (88%), maximizing Social Security benefits (88%), and choosing financial products that assure a lifetime income (88%).Conducted online in February and March of 2024, the survey involved a nationally representative group of 1,000 individuals aged 25 and above, with a household income of at least $50,000 (single) or $75,000 (married/partnered), or investable assets of $150,000 or more. The study aimed to capture diverse perspectives by including oversamples from Black/A...
2024-03-21 | banking brokerage retirement technology
... 19 million clients are also actively engaging with Erica – the most advanced and first widely available virtual financial assistant – to make managing their finances even easier. ...
2024-03-12 23:15:00 | retirement
... r half (54%) of Americans say that living to 100 is their aim. The top three benefits of living a long life are family, friends, and new experiences. According to 72% of respondents, the top three benefits of living a long life are having meaningful relationships with family and friends and having more time to explore and try new things.Even while many desire to live to reach 100 years old, most do not anticipate delaying retirement in order to live longer; instead, the majority (40%) still intend to retire between the ages of 65 and 69, potentially spending more than three decades in retireme...
2024-03-12 08:42:12 | retirement
... annels or influencers they follow.However, even among those aware of robo advisors, nearly 4-in-5 across all generations agree having access to a human financial advisor is still important for when they have questions. Over three-quarters also prefer working with a human financial advisor when it comes to creating a plan to accomplish their goals.Living in RetirementNearly all respondents (85%) want to retire while they are still healthy enough to be active, targeting an average retirement age of 61-62. Motivating factors for determining when to retire vary by generation though; Gen Z and Mill...
2024-03-06 | financial wellbeing
... fics of medical coverage and assistance selecting benefits that can help fill gaps in coverage. ...
2023-06-01 15:00:00 | asset management
... ecific solutions from different vendors depending on the use case and layer of the technology stack, giving institutions more flexibility and reducing dependence on a single vendor.Download the publication here: https://www.bcg.com/publications/2023/technology-and-operations-in-wealth-and-asset-management...
2023-06-01 | investing
... are embracing a balanced approach, combining active and passive strategies, after a shift toward either one in recent years.Other key survey findings include:Other commonly used investments include cash and equivalents (76%), non-wrap mutual funds (64%), individual stocks (51%), and bonds (47%).Despite a generally bearish economic outlook, over 71% of respondents expressed confidence in the traditional 60/40 portfolio's ability to deliver historical returns.General volatility (85%) and inflation (82%) ranked as the top concerns among investors. While interest in COVID-19's impact on financial...
2022-08-05 12:00:00 | retirement women
... an Chatzky, HerMoney CEO and Alliance for Lifetime Income Fellow, says inflation protection is simple. "Prioritize high-interest debt. Delay Social Security to boost monthly benefits. Keep a diversified investment portfolio for growth and use annuities or pensions for retirement fixed costs. Keep track of your spending to avoid unnecessary or impulsive purchases." Only 12% of women are risk-averse investors. 62% are riskier than their parents, while 35% are riskier than their partners. "Women should embrace market risk but also protect their futures," said Alliance for Lifetime Income CE...
2022-07-27 12:00:10 | housing
... n and 89% of Baby Boomer respondents said they would not use home equity products. These include a reticence about considering the merits of home equity, lack of knowledge regarding product benefits, misaligned expectations of financial advisors recommending home equity solutions for clients. These results highlight the need to have a better understanding of how housing wealth leverage can benefit older homeowners. This includes a deeper understanding among financial advisors. Surprisingly, 90% of respondents who have consulted a financial advisor believe they would recommend a home equi...
2022-05-19 | retirement
... ...
2022-05-04 12:00:05 | workplace
... professionals are still assessing their current job – they are prioritizing increased salary, flexibility at work and financial benefits like retirement savings,” added Lannan. “However, current college students are putting a greater emphasis on their quality of work life when they are thinking about their career moves after graduation. At Fidelity, we understand that money touches all aspects of a person’s life, so while it’s important to feel like a company is the right cultural fit, and there’s access to professional development opportunities, it still remains critical to unders...
2022-04-25 12:15:00 | workplace
... ased to 23.3 percent in March, from 21.9 percent in November. The increase was primarily driven by men and respondents with a college degree. Satisfaction with wage compensation, nonwage benefits, and promotion opportunities at a respondent’s current job all slightly increased, reaching 61.0 percent, 65.0 percent, and 52.1 percent, respectively. The average reservation wage—the lowest wage respondents would be willing to accept for a new job—increased to $73,283 from $70,339 in November. The increase was most pronounced for women, respondents with a college degree, and those with a...
2022-04-20 | inflation retirement
... the burden of medical costs, student loan debt support and tools for building emergency savings continue to grow in popularity as employer wellness benefits. Going forward, it will be critical for employers to provide support in these areas so these generations, and all individuals, can find greater opportunity to build a secure financial future,” concluded Lavallee. Source: Voya ...
2021-12-22 12:00:00 | real estate
... property values have gone up not only in wealthy big cities. Homeowners in rural America who typically don't see significant increases in home values are also reaping the benefits of a booming real estate market. ” The value of rural houses in November increased by 46.2% year-over-year to US$4.9 trillion. In contrast, the value of urban homes rose by 31.3% to US$8 trillion, while the value of suburban homes rose by 25.9% to US$24.1 trillion. As cities recover from the slowdown in coronavirus growth, rural areas are still more popular than before the pandemic, as remote wo...
2021-12-21 09:22:18 | boomers technology
... thers to allow or help them grow old on the spot. At the same time, we are also aware of the digital divide, where lack of access can also mean inability to access technology and its benefits. " Older people continue to incorporate technology into their lives. Some of the technological behaviors that emerged during the pandemic appear to persist, such as video chatting, online shopping, ordering groceries, banking and healthcare, with older people making more online purchases and financial transactions than in previous years. Over the past two years, the number of seniors using a home ...
2021-10-29 09:08:19 | demographics retirement
... ...
2021-10-11 12:00:00 | retirement
... additional materials could be helpful for employees as they look at their holistic financial picture and benefits package. Planning ahead for a secure retirement As employees continue to endure the uncertainty and financial anxiety onset by the pandemic, their interest in retirement income products has dramatically increased — currently 72% percent of employees are interested in what guaranteed income products can mean for their financial futures, and nearly half say they would increase their contribution if guaranteed income were offered. “After a year filled with the unexpected...
2021-06-09 12:00:00 | consumers digital pandemic
... ent of those respondents using virtual doctor visits claimed to be satisfied with the experience. Among the benefits of attending virtual medical visits, 44% cited ease in attending appointments, 43% said it reduced their chances of getting COVID-19, 20% said it was easier to schedule appointments, and 10% cited ease in sharing medical data with doctors. Sixty-two percent said they are likely to schedule future virtual appointments after the pandemic ends. However, patients missed the human touch and face-to-face interactions (28%) and were frustrated with medical staff's inability to di...
2021-06-07 12:00:00 | consumers
... rwhelmingly inspires consumers to recycle more (70%). “This tells us the timing to educate is ideal. Consumers are open to being reminded to recycle when shown the benefits,” said Fantoni. “When it comes to cartons specifically, 77% said knowing that recycled food and beverage cartons are used to make paper products, such as toilet paper and paper towels, makes them more likely to recycle them.” Source: The Carton Council...
2021-05-26 12:00:00 | retirement
... 5 and older (87%) are slightly more likely than those age 50 to 64 (83%) to strongly oppose reducing Social Security benefits to reduce the deficit. This nationwide poll of 1,016 adults ages 50 and older utilized NORC's AmeriSpeak® Omnibus, a monthly multi-client survey. Interviews were conducted in English online (90%) and by phone (10%) from April 22 through April 26, 2021 and included three AARP questions on federal budget deficits. Data are weighted to the latest Current Population Survey (CPS) benchmarks developed by the U.S. Census Bureau and are balanced by gender, age, education, r...
2021-05-19 12:00:00 | pandemic demographics
... r supported. The benefits of being a gender equality leader are clear: 70% of women who work for these leading organizations rate their productivity as "good" or "very good," compared to just 29% of lagging organizations (defined as businesses with a less inclusive, low-trust culture, which make up 31% of the sample). 72% of women who work for gender equality leaders rate their job satisfaction as "good" or "extremely good," compared with just 21% of women who work for lagging organizations. 70% of women who work for leading organizations plan t...
2021-05-12 12:00:01 | advice financial planning
... ...
2021-05-06 | investing
... ng-term financial decision-making. On the contrary, only 57% of women who defer wish to be more involved. The benefits of collaborating are significant. Seven in 10 couples said sharing responsibilities in financial decisions would foster a better sense of financial security and make them feel more confident in their financial futures. Eight in 10 women believe that equal involvement would make them feel more prepared if something happened to their spouse, such as disability, illness, or death. Source: UBS...
2021-05-04 | financial planning
... want to be sure the decisions you make give you the greatest benefits. 5. Are your itemized deductions in line with your goals? While the majority of people take a standard deduction rather than itemizing, those who do itemize get a clear view of certain financial items, presenting an opportunity to consider significant changes in your financial situation. For example, if state and local taxes are taking a big bite of your income, it might pay to consider moving to a lower tax area as part of your retirement planning. High medical deductions may mean it’s time for a check-up on your he...
2021-04-26 12:00:14 | travel
... ntly, nearly a quarter of current RV owners are now under the age of 35, and 84% of those younger owners plan to purchase a new RV in the next 5 years. “The health benefits and mental wellbeing that come from being outdoors cannot be overestimated,” said Kirby. “The RV industry is proud to build a product that makes it easier for people to get outdoors.” Source: RV Industry Association...
2021-04-26 12:00:10 | employment pandemic
... g health coverage a key benefit. Experience required: Younger workers typically suffer more during recessions as their relative lack of experience puts them at a disadvantage compared with more experienced workers, at a time when weak labor market conditions allow companies to be more selective in their job requirements. Younger workers hit harder: In this recession, young workers were overrepresented in some of the hardest hit industries, such as restaurants and out-of-the-home entertainment. Job satisfaction increased for the 10th year in a row. Satisfaction climbed from its lowest...
2021-04-15 12:00:10 | employment retirement
... report’s key findings: Economic outlook remains cautious. The majority of U.S. employers surveyed have remained committed to providing benefits and financial resources throughout the pandemic to help employees manage savings and income in retirement.2 COVID implications are top of mind for employers, with many reporting concerns about its long-term financial impact. More than half of employers express caution regarding the economic outlook for the next year (53%). This is a shift from July 2020, when 40% of employers expressed caution. Employers are concerned about how their employees ...
2021-04-15 12:00:00 | housing real estate
... icers have been able to begin foreclosure actions on vacant and abandoned properties, which benefits neighborhoods and communities. It's likely that these foreclosures are causing the slight uptick we've seen over the past few months." Highest foreclosure rates in Delaware, Illinois, and FloridaNationwide one in every 4,078 housing units had a foreclosure filing in Q1 2021. States with the highest foreclosure rates were Delaware (one in every 1,705 housing units with a foreclosure filing); Illinois (one in every 2,175 housing units); Florida (one in every 2,237 housing units); Indiana (o...
2021-04-08 12:00:00 | pandemic workplace
... . Of parents with children under the age of 18, 84% found that benefits of a hybrid/remote work module outweighed the cons. A forced return to work is a controversial idea, especially for working parents; employees with children are twice as likely to quit and look for a new opportunity if forced to return to an office full-time as those without children. With a shift towards hybrid work, the office purpose has also changed -- it's evolving from an everyday work space to a place designated for socialization, collaboration, and company culture. Companies implementing hybrid models may u...
... In addition, CCI will develop resources that enable crypto industry participants, policymakers, intergovernmental bodies, and the public to further their understanding of crypto’s benefits for storing, creating, and transferring value worldwide and giving people greater control of their digital lives. Paradigm, the organizer of the new alliance, was founded in 2018 and is a crypto-focused investment firm based in San Francisco. The firm invests in crypto assets and businesses from the earliest stages of idea formation through maturity. Source: Crypto Council for Innovation...
2021-04-01 12:00:01 | housing real estate
... emic. As those home seekers pursued a dwindling supply of homes for sale, prices shot up – just not enough to significantly outweigh the benefits of increased wages and average mortgage rates that sat below 3 percent. "The past year certainly has been an odd one for the U.S. housing market. Home prices surged at a remarkable pace even as the virus pandemic damaged the U.S. economy, which dropped historical affordability levels. But average workers untarnished by the pandemic were still able to afford the typical home because wages and rock-bottom interest rates worked to their favor in a bi...
2021-03-31 15:00:01 | pandemic workplace
... ght and planning consultancy. The employer survey includes 2,500 interviews with benefits decision makers and influencers at companies with at least two employees. The core employee survey consists of 2,651 interviews with full-time employees, ages 21 and over, at companies with at least two employees. Source: MetLife...
2021-03-31 12:00:00 | workplace
... a balanced life still matter. Employers need to ensure that these softer needs are met even in virtual work settings." New Worker Attitudes on Diversity and the EnvironmentCOVID-19 is not the only event in the past year that has changed people's expectations about work. The Black Lives Matter protests and the #MeToo movement have job seekers paying more attention to social values in the workplace. And a succession of climate catastrophes, including the Australian bushfires of 2019 and 2020, have prompted some job seekers to question prospective employers' levels of environmental commitm...
2021-03-30 14:00:02 | retirement
... ng out on maximizing the income they could receive by waiting. Americans are greatly under saved and the personal savings pool that retirees will need to draw on for retirement income is under pressure in a low-interest rate environment, even failing to meet cost of living increases. Absent private sector pensions, Americans need to find a new way to turn accumulated retirement savings into a "pension-like" stream of protected income. Fichtner concludes that a new framework is needed to address the current realities that put as many as 50% of households at risk of not having enough money ...
2021-03-29 12:00:00 | housing
... me, and one-third of rental listings were offering concessions this past fall as landlords tried to entice renters with benefits such as free parking or one-month free rent. And now with millions of U.S. renters at risk of eviction this summer coupled with increased rent growth across the U.S., finding new tenants without a record of evictions and with liquid funds to make security deposits may prove extremely challenging. An eviction crisis could be avoided with the right federal support While today’s extension protects renters from eviction, the policy should be coupled with relief f...
2021-03-26 | economy
... ...
2021-03-25 12:00:00 | millennials housing
... ican Dream, becoming a homeowner remains the No. 1 reason this year's first-time homebuyers are in the market. Three of the top four responses centered on the financial benefits of owning a home. When asked, "Why are you planning to buy a home?" The top response, at 59%, was "I want to be a homeowner". "I want to live in a space that I can invest in improving" ranked second at 33%, followed by the "need for more space" at 31% and "I want to build equity" at 22%. Homeownership ranked as the top choice across all generations surveyed -- Gen X and older (40+) at 68%, millennials (aged 24-39) a...
2021-03-24 12:00:00 | pandemic retirement
... ...
2021-03-12 14:00:04 | demographics health
... s they can turn to for help. Offering comprehensive employee benefits options that directly address mental health and substance abuse issues, and regularly communicating those benefits are ways employers can create supportive workplaces that promote behavioral health. Source: The Standard...
2021-03-12 14:00:00 | technology
... rative streaming benefits. "Credit card issuers have fallen in love with streaming rewards in the past year, so if you spend a lot of money on streaming, it's worth looking into what your cards offer," said LendingTree's Chief Credit Analyst, Matt Schulz. "Just be sure that you keep your spending in perspective, for example, don't throw away a good grocery rewards card for one that gives more for streaming." To view the full report, visit: https://www.lendingtree.com/americans-mooching-streaming-accounts/. MethodologyLendingTree commissioned Qualtrics to field an onli...
2021-02-23 | financial wellness financial resilience
... ve patient outcome. With resources like earned wage access available, which cost a company nothing, there is no reason this should happen, especially when they can make such a significant positive impact on employees' lives." "These unprecedented times are producing vulnerable employees that need help," said Mason Beard, chief strategy officer at Immediate. "It's an opportunity for employers—by answering that call, they will create gratitude which strengthens employee loyalty. Loyal employees help optimize business performance." MethodologyIn November 2020, Immediate commissioned research ...
2021-02-03 | employment vacation
... the past. Expedia first launched the annual study more than two decades ago to illustrate the benefits of vacation and encourage working adults to regularly unplug. In recent years, the benefits of vacation are well-known and undisputed, yet Vacation Deprivation is on the rise in most nations. This year's findings point to yet another shift, one in which workers agree they will never take their vacation days for granted again. In fact, many Americans are optimistic about travel in 2021, with 36 percent planning to resume taking regular vacations this year, and another third (32%) vowing to...
2021-02-02 | retirement
... is part of SimplyWise's ongoing efforts to help Americans maximize savings and benefits, particularly given COVID-closures of Social Security offices. Source: SimplyWise.com...
2021-01-29 09:30:30 | benefits workplace
... o help employees plan for future health-care expenses. In 2021, Voya is working to enhance the capabilities of this powerful tool to help Americans make informed benefits decisions and manage their income across competing health, savings and spending demands.” Source: Voya Financial...
2021-01-25 12:00:00 | workplace demographics employment
... cluding insight on employee mental health and sentiment on returning to the office. To learn more, download the eBook at https://www.nintex.com/nintexworkplacestudy2021_ebook_0121/. Source: Nintex...
2021-01-13 08:00:00 | healthcare payments
... launched in November 2020, and cardholders will be able to receive myWalgreens cash rewards and other offers. Additionally, the flagship, co-branded credit card will offer a wider range of benefits provided through Synchrony and Mastercard when used at other retailers and service providers. The new cards will be the first in a range of new financial products and services planned by Walgreens, to continue its health and well-being focus and to enhance its loyalty program and customer personalization. Walgreens plans to explore a number of Mastercard solutions across the payments technology ...
2020-09-16 | workplace
... h savings accounts (HSAs) or flexible spending accounts (FSAs) were mentioned by nearly 4-in-10 surveyed employees (38%) — followed by 35% of employees selecting supplemental health benefits like hospital indemnity insurance, critical illness insurance, or short-term and long-term disability income insurance....
2020-08-25 09:26:29 | women retirement
... focus groups GAO held with older women, women described some level of anxiety about financial security in retirement. Many expressed concerns about the future of Social Security and Medicare benefits, and the costs of health care and housing. Women in the groups also cited a range of experiences that hindered their retirement security, such as divorce or leaving the workforce before they planned to (see fig.). Women in all 14 focus groups said their lack of personal finance education negatively affected their ability to plan for retirement. Many shared ideas about personal finance education i...
2020-06-25 09:26:29 | advice
... harnessing this opportunity to increase the size of their eligible market and to educate a wider group of people about the benefits of planning and investing. While attracting diverse clients can be done in a variety of ways, many firms are focusing their efforts on engaging with specific groups. Of those firms taking DE&I actions, 73% have efforts aimed at attracting women clients, 47% at attracting race and ethnic-based groups and 46% at attracting the LGBTQ community. Advisors indicate a client’s age and physical or mental ability require the most tailored planning experience, outs...
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