2024-04-22 | demographics economy finances
... ir personal finances due to the declining unemployment rate among Hispanics," said Monica Escaleras, Ph.D., director of BEPI in the College of Business. "From January to March, the rate dropped from 4.9 percent to 3.7 percent according to the Bureau of Labor Statistics." SOURCE Florida Atlantic University Business and Economics Polling Initiative...
2024-04-09 | consumers economy
... ncluding food, gas, and rent, signaling consumer apprehension about future price hikes.Labor market expectations present a mixed bag, with no change in anticipated earnings growth or unemployment rates but growing pessimism about job security and the ease of finding new employment. This sentiment reflects a cautious outlook on the labor market's stability and could impact consumer spending behaviors.Household finance perceptions showed little change, but the survey highlighted a significant increase in the perceived probability of missing a minimum debt payment, reaching the highest level sinc...
2024-03-12 23:15:00 | consumers economy
... the U.S. unemployment rate will be higher one year from now—decreased by 1.1 percentage points to 36.1%, the lowest reading since February 2022.The mean perceived probability of losing one’s job in the next 12 months increased by 2.7 percentage points to 14.5%. The mean probability of leaving one’s job voluntarily in the next 12 months also increased, by 1.8 percentage points to 19.5%. For both series, the increases were the most pronounced for respondents with annual household incomes less than $50,000.The mean perceived probability of finding a job if one’s current job was lost decli...
2024-01-09 | economy
... ity that the U.S. unemployment rate will be higher one year from now—decreased by 1.4 percentage points to 37.0% , remaining below the series 12-month trailing average of 39.5%.The mean perceived probability of losing one’s job in the next 12 months decreased slightly by 0.2 percentage points to 13.4%, remaining above the series 12-month trailing average of 12.3%. The mean probability of leaving one’s job voluntarily in the next 12 months increased by 0.8 percentage point to 20.4%.Household FinanceMedian expected growth in household income decreased by 0.1 percentage point to 3.0%, remai...
2022-08-05 12:00:00 | retirement women
... nt ). Source: Alliance for Lifetime Income...
2022-01-10 12:00:00 | consumers economy
... he world enters a third year of the COVID-19 pandemic, the U.S. economy is making a remarkable comeback after two tumultuous years. Roughly 80% of the jobs lost to the pandemic have been regained, unemployment rates have normalized and today’s jobseekers have the upper hand. Yet, Americans’ views of their financial health are languishing, and many consumers don’t feel confident about their current financial situation or the economy. According to a new annual 2022 Wealth & Wellness Index released today from retirement services provider Empower Retirement and affiliate hybrid wealth man...
2021-06-22 09:08:15 | travel
... economy shut down or were forced to quit their jobs to look after children or family members. In April of 2020, the unemployment rate for women was 16.1%, 2.5 points higher than the figure for men. These trends may factor into the findings from the survey: Of those planning to spend less than $1,000 on their vacations this year, 21% were men and 33% were women. Of those planning to spend more than $7,500 on their vacations, 4% were women while 8% were men. Some women are skipping travel completely -- women are more likely to not be planning on vacation travel this summer or to be uns...
2021-05-19 | real estate
... vestors purchase homes with the intention of renting them out, so when rents plunged, unemployment skyrocketed and evictions were halted due to the pandemic, some opted for a cautious approach. Single-Family Homes See Biggest Gain in Investor Purchases Investor purchases of single-family homes rose 4.8% year over year in the first quarter, outpacing growth in every other property type. By comparison, investor purchases rose just 0.9% for condos, and fell a respective 3.6% and 11.6% for townhomes and multifamily properties. This is likely because Americans have been prioritizing space and p...
2021-05-12 12:19:00 | demographics
... mple of 20,181 college students from 135 higher education institutions located in 34 states. Source: AIG...
2021-05-10 14:00:00 | employment
... Statistics Employment Situation report. The technical notes to this series are available on The Conference Board website: http://www.conference-board.org/data/eti.cfm. Source: The Conference Board...
2021-04-26 12:00:10 | employment pandemic
... ...
2021-04-05 12:00:00 | economy
... gs and strong government stimulus will be willing and able to spend. All this will lead to historically fast employment growth in the coming quarters. We expect the unemployment rate to reach about four percent a year from now, and further decline for the rest of 2022. Tight labor markets and labor shortages will resurface in the coming year, leading to faster wage growth." March's increase was driven by positive contributions from seven of eight components. From the largest positive contributor to the smallest, the components were: Percentage of Respondents Who Say They Find "Jobs Hard to ...
2021-03-30 12:00:02 | economy demographics
... ut their household income. Within the index, investors’ 12-month outlook for inflation dropped the most this quarter. Slight declines were also seen in their positive forecasts for unemployment, the stock market and economic growth. At the same time, investors’ outlooks for reaching their investment goals were steady. “The COVID-19 pandemic and ensuing economic and market downturn in 2020 tested investors’ resolve, but patience and resiliency were key in helping them weather the ongoing storm,” said Veronica Willis, investment strategy analyst for Wells Fargo Investment Institute....
2021-03-26 | economy
... payments associated with the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act of 2021 (which was enacted on December 27, 2020) declined sharply in February and unemployment benefits continued, but at a lower level. Additionally, restrictions and closures continued in some areas of the United States. The full economic effects of the COVID-19 pandemic cannot be quantified in the personal income and outlays estimate because the impacts are generally embedded in source data and cannot be separately identified. For more information, see “Effects of Selected Federal Pandemic...
2021-03-08 | employment
... arge government stimulus will all contribute to robust growth in economic activity and employment in 2021. The economy is likely to add 5-6 million jobs through the end of the year, and the unemployment rate will drop well below 5 percent. When the pandemic hit, a tight labor market appeared years away, but it may reemerge as soon as 2022." February's increase was driven by positive contributions from six of the eight components. From the largest positive contributor to the smallest, the components were: Percentage of Firms With Positions Not Able to Fill Right Now; Initial Claims for Unemp...
2021-02-22 14:00:00 | investing demographics
... 64%), followed by unemployment (36%) and US budget deficits (36%). Only about a quarter of investors (24%) are worried about inflated stock valuations. Other risk factors that concern investors are inflation (27%), the potential for new regulations (27%) and interest rates (24%). Broker dealers: For their online brokerage accounts, at 66% more investors said an easy to use web and desktop platform is an essential feature than any other, followed by real-time market data (61%) and commission-free trades (60%). 39% identified customer support by phone as the most essential feature, 38% wan...
2021-02-09 14:00:00 | mortgage housing
... ransitioned from current to 30 days past due): 0.8%, down from 1% in November 2019. The unemployment rate fell from 14.8% in April to 6.7% by the end of 2020. Unfortunately, the 2020 recession has had a disparate impact on households, with those in oil and hospitality industries especially hard hit. However, the recent rebound in employment has helped some struggling homeowners begin to make payments again. “The consistent decline in serious delinquency since August is a sign of growing financial stability for families,” said Frank Martell, president and CEO of CoreLogic. “In add...
2021-02-01 12:29:10 | economy
... uct (GDP) is projected to return to its prepandemic level in mid-2021 and to surpass its potential (that is, its maximum sustainable) level in early 2025. In CBO’s projections, the unemployment rate gradually declines through 2026, and the number of people employed returns to its prepandemic level in 2024. CBO is using this economic forecast as the basis for updating its budget projections for 2021 to 2031. The agency plans to release those budget projections later in February and a more detailed report about this forecast later this winter. The forecast incorporates economic and other in...
2021-01-28 14:00:00 | millennial retirement
... of student debt and unemployment to unaffordable housing, a variety of factors are stacking against young Americans' ability to achieve long-term financial security," said Heidi Cho, a millennial retirement expert for nonprofit Transamerica Center for Retirement Studies®. The new report explores retirement related attitudes and behaviors of workers in their 20s, a cohort straddling Millennials and Generation Z. The survey spans 15 countries in the Americas, Europe, Asia, and Australia. It was conducted during January and February 2020 at the onset of the pandemic and is a collaboration amo...
2021-01-28 | housing
... were led by McAllen, TX (31.5 percent of sales); El Paso, TX (26.6 percent); Beaumont, TX (26.6 percent); Amarillo, TX (24.9 percent); and Visalia, CA (24.7 percent). Source: ATTOM Data Solutions...
2021-01-14 | unemployment
... ch herd immunity, preceded by very low rates of new infections in the spring. In the United States, 3.5 to 5 million new jobs should be created by the first quarter of 2022, with the unemployment rate dipping below five percent. Source: The Conference Board...
2021-01-13 14:00:00 | consumer expectations housing inflation
... rate will be higher one year from now—decreased from 40.1% in November to 38.9% in December, equal to its trailing 12-month average. The mean perceived probability of losing one's job in the next 12 months increased slightly from 14.6% in November to 15.0% in December, remaining slightly below its December 2019 level of 15.4%. The increase was driven by respondents without a college education. The mean probability of leaving one's job voluntarily in the next 12 months rose from 16.6% in November to 17.1% in December. The mean perceived probability of finding a job (if one's cu...
2021-01-05 | spending automotive
... ing a broader trend of consumers gravitating toward bigger purchases during the pandemic," said Jessica Caldwell, Edmunds' executive director of insights. "It might seem at odds with unemployment levels and the harsh financial conditions that so many Americans are finding themselves in right now, but the consumers who are buying new cars during the pandemic are clearly on the other side of the economic divide. They're likely qualifying for the lowest promotional rates and feeling secure enough to put down more money to get the bigger vehicles and features that they want." Edmunds analysts n...
2021-01-05 | bankruptcy
... for all of 2019. These two categories are a bellwether for the U.S. consumer market as they are a trailing economic indicator of the overall strength of a market where unemployment continues to ravage the country. “We expect this category to grow substantially in the second-half of 2021,” says Kruse. ...
2020-12-28 | housing
... But rent prices in urban areas softened compared to their suburban counterparts in the spring and summer as a shift in housing needs and the spike in service-sector unemployment left their mark. While it's not quite right to call it a comeback, Zillow expects demand for city living to surge in 2021. Some of the nearly 3 million adults who moved in with parents or grandparents in the spring have already started to move back out while taking advantage of an increase in rent concessions. With COVID-19 vaccine distribution underway, Zillow expects many of those who may have left cities tempo...
2020-12-14 | income spending credit
... ployment expectations—or the mean probability that the U.S. unemployment rate will be higher one year from now—increased for the first time since July 2020, from 35.4% in October to 40.1% in November. The mean perceived probability of losing one’s job in the next 12 months decreased for the third consecutive month from 15.5% in October to 14.6% in November, still slightly above its 2019 average of 14.3%. The decrease was more pronounced among respondents above the age of 60 and without a college education. The mean probability of leaving one’s job voluntarily in the...
News and insights about consumer and demographic financial trends
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
Consumer Price Index - March 2024
Americans Fear Running Out of Money More Than Death, New Study Finds
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