2024-04-09 09:25:00 | cryptocurrency demographics real estate
... reach for many at the moment, but taking big financial risks isn't necessarily going to help," Ma stated. He emphasized the importance of more time-tested options like stocks, bonds, and life insurance, which can provide financial security and coverage for living expenses.The survey results, which have a margin of error of +/- 2%, highlight the varying financial attitudes and practices across different generations, reflecting broader economic trends and the influence of technology and social media on financial decision-making....
2023-06-01 | investing
... previous years.The survey findings also emphasized the importance of regular portfolio re-evaluation. Approximately two-thirds of respondents reported revisiting allocations as part of their ongoing strategy (68%), driven primarily by economic factors (63%) and concerns about inflation (53%).Despite the increasing utilization of ETFs, the survey highlighted that investment professionals continue to adopt a balanced approach, with 64% implementing a combination of active and passive strategies.Of those surveyed, 79 percent are Certified Financial Planner™ professionals, 53 percent indicated ...
2022-04-25 14:00:00 | demographics financial planning retirement
... ng abreast of macro-economic trends and investing evenly in stocks and cryptocurrencies. On-Trend Friends – approximately 13-23% of future retirees | 9.4-16.6 million Millennials Driven by purchasing power and a close pulse on all things culturally relevant, On-Trend Friends will prioritize keeping up with the latest consumer trends and spend more time and money on shopping than their peers. Like Practical Achievers, On-Trend Friends value financial security more than the other two personas, as a way to maintain a healthy spending and entertainment budget. Relaxed Minimalists ...
2021-12-08 09:08:19 | advice consumers finances
... Zers. The most common horoscope-influenced financial choices were saving more money (42.1%), splurging (33.5%), buying or selling stocks (23.1%) and changing jobs (23.1%). Americans think Capricorns are the best with money and believe Geminis are the worst. Cancers worry about money the most, while Sagittariuses report the least amount of money anxiety. That said, Sagittariuses have the lowest average credit scores of all the signs. To view the full report, visit https://www.lendingtree.com/debt-consolidation/zodiac-finances-survey/ Methodology LendingTree commissioned Qualtrics to...
2021-12-06 09:22:18 | advice demographics
... contributing to their nest egg. Approximately 38% of respondents use an employer-sponsored benefit like a 401(k); 24% use individual retirement accounts (IRAs); 30% invest in stocks and 19% report investing in cryptocurrencies. IRAs are less popular among younger generations. Only 22% of Millennials and 19% of Gen Z respondents claim they have investments in an IRA, while 35% of Baby Boomers and 23% of Gen X claim to have one for their investments. Alternatively, nearly 1 in 8 Millennials and Gen Z Americans are turning to micro-investing apps, such as Stash and Acorns to prepare for retireme...
2021-10-14 | retirement
... es not include physical assets such as a home or a car. The data for this research is for households rather than individuals. Source: National Institute for Retirement Security...
2021-05-28 | consumers investing
... rvices that support investment decisions and offer alternatives to stocks for more risk-averse people. As financial-services firms compete to meet surging interest from younger and less financially knowledgeable consumers, they need to balance a unique set of legal, ethical, practical, and reputational factors in serving these new investors. US consumers cut back substantially on discretionary spending at the start of Q1 2021: More than 3 in 5 US consumers surveyed in February 2021 reported cutting back on expenses, revealing the financial squeeze many were feeling to start the yea...
2021-05-19 | real estate
... according to Redfin Chief Economist Daryl Fairweather. "Investors may shift away from stocks and toward housing because housing is a relatively safe bet," Fairweather said. "There aren't a lot of safe bets out there right now." Investors initially pumped the brakes at the beginning of the pandemic because the housing market had ground to a halt. The market then came roaring back, but investors were slower to rejoin the party, likely due to lingering economic uncertainty. Many investors purchase homes with the intention of renting them out, so when rents plunged, unemploy...
2021-05-10 12:00:01 | investing
... High” compared to historic averages. “Despite an incredibly strong first quarter earnings season and all three major indices reaching record highs, stocks mostly treaded water in the latter half of April. Many clients used the last month to rebalance their portolios as they sold names as they reached historical peaks and bought names they believe will do well in the reopening trade,” said JJ Kinahan, chief market strategist, TD Ameritrade. “While data has been looking positive, we still have some lingering concerns including inflation. The question remains if the recent flow of po...
2021-04-26 12:00:01 | demographics housing
... wn from 34.6% before the Great Recession. Housing factors -- including lower home values and rates of homeownership -- directly account for nearly 40%2 of that gap, with assets like investments in stocks and bonds and retirement accounts making up the rest. "Housing will be a prominent factor determining the course of the racial wealth gap over the next decade," says Zillow economist Treh Manhertz. "The issues caused by historic discrimination won't be solved quickly, but addressing things like increasing access to credit, more-equitable lending standards and reducing exclusionary zoning co...
2021-04-19 12:00:10 | millennials retirement
... likely to liquidate non-qualified investment accounts, such as stocks, bonds and mutual funds (10%) than Gen-Xers (6%) and much more likely than Boomers (2%). This younger generation may be dealing with the repercussions of their outsized debt and meager savings for decades to come—especially when the pandemic is forcing them to liquidate assets and lock in losses, at the same time that it's impacting their job prospects. In fact, Millennial investors were much more likely to experience a pay cut due to the pandemic (29%) than Gen-Xers (13%) or Boomers (5%). Millennials were also somewhat m...
2021-04-01 16:00:00 | demographics investing
... CEO of Greenlight. "At Greenlight, we believe that every child should have the opportunity to become financially-smart. That's why we're focused on shining a light on the world of money with easy-to-use, accessible tools and educational resources that families can trust." Greenlight offers an all-in-one money management platform where kids and teens can explore lessons across the full financial spectrum — earning, saving, spending, giving and investing. It's a comprehensive solution, complete with a debit card and app, that teaches financial literacy and helps young people develop healthy ...
2021-03-30 12:00:02 | economy demographics
... . Of total respondents, 39% reported annual incomes of less than $90,000; 57% reported $90,000 or more. The median age of the nonretired investor is 47 and the retiree is 68. The Wells Fargo/Gallup Investor and Retirement Index is an enhanced version of Gallup’s Index of Investor Optimism, which provides the historical trend data. The Investor and Retirement Optimism Index has an adjusted baseline score of 100 from when it was established in October 1996. It peaked at +152 in January 2000, at the height of the dot-com boom, and hit a low of -81 in February 2009. Source: Wells Fargo...
2021-02-22 14:00:00 | investing demographics
... half of investors younger than 40 (49%) would buy stocks on sale compared to 40% of those over 40. Half of investors over 40 (51%) would weather the storm, significantly more than the 40% of 40 and younger. Market FOMO: 47% of investors are more afraid of "missing out on making money" in the stock market, while 54% are afraid of losing money. 61% of younger investors are more afraid of missing out, compared to 40% of those over 40. Market risks: Regarding threats to US financial markets, investors are mostly worried about the economic impacts from Covid-19 (64%), followed by unemployment ...
2021-02-22 | investing demographics
... latively short-term trading concentrated in a few stocks with hopes of getting rich quick." This may seem good in a bull market, he said, but it's risky and can lead to significant losses if the market turns. Most people should have a long-term perspective with a balanced and diversified portfolio, he added. To view the full report, visit: https://www.magnifymoney.com/blog/news/young-investors-survey/. Methodology MagnifyMoney commissioned Qualtrics to field an online survey of 1,536 Americans ages 18 to 40, conducted Jan. 22-26, 2021. The survey was administered using a non-probability-b...
2021-02-09 | investing
... consumers." Additional insights from the inaugural US Consumer Dynamics Report are featured below. The proportion of US consumers spending discretionary money on stocks and home improvements rose in Q4 2020—and shrank in every other category. Consumers' share of spending on essentials fell in Q4, fueled by historic declines in the relative cost of housing: In Q4 2020, the share of US consumers' budget devoted to housing costs fell to 18%, a record low and down −3.5 percentage points (ppts) compared to Q2 2020. Plummeting rental rates in city centers, rent abatements and cuts...
2021-02-05 | investing
... or Education Foundation (FINRA Foundation) and NORC at the University of Chicago. The study, Investing 2020: New Accounts and the People Who Opened Them, found that market dips that made stocks cheaper to buy and the ability to invest with small amounts were among the top reasons younger and inexperienced investors reported entering the stock market. For respondents who opened new accounts in 2020, investing for retirement was the most frequently cited reason for opening the account, despite the study’s focus on taxable investing. Researchers further found that the majority of new inve...
2021-01-25 12:00:30 | pandemic investing
... nds. COVID-19 sparks interest in stocks, financial learning Interestingly, about 1 in 10 Americans have either increased their investments in stocks and bonds (11%) or started investing for the first time (7%). Often overlooked, financial education can be a valuable tool in driving financial resilience and stability, which some generations are prioritizing more than others. One-third of Millennials (31%) indicated that increasing their financial knowledge is a priority, significantly higher than their older and younger counterparts, including Zoomers (22%), Gen X (22%) and Baby Boomers (...
2021-01-14 10:00:00 | retirement spending
... ks and a remarkable percentage in cash (24%). Indeed, the global pandemic and its impact on the market and economy was a learning moment for investors, who reported these top five takeaways: My portfolio strategy was able to weather the bad times. I need to have more cash reserves. I need to diversify more. I took on more risk than necessary. I need to rebalance my portfolio more often. The survey also asked respondents to weigh in on working from home, the impact of remote work on their spending, and plans for relocation. Respondents indicated that two-thirds (66%...
2020-08-19 09:17:32 | stocks millennials Gen Z
... tating their investment portfolios have recovered since the pandemic. However, optimism remains high, with 50% thinking it will happen in the next six months, compared to 33% of the total population....
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