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
Wed, 20 April 2022 | inflation retirement
As the rising cost of goods and services impacts the wallets of many Americans today, the growing concern of being able to save enough for retirement is also on the rise. Voya Financial, Inc. (NYSE: VOYA), released new findings from a consumer research survey revealing that 66% of Americans agree or strongly agree that they are worried about the impact of inflation on their ability to save enough for retirement. What’s more, an even greater amount of individuals agree or strongly agree they are worried about the impact of inflation on their personal finances and the ability to maintain ... Read More
Fri, 11 February 2022 | retirement women workplace
For those looking to invest their retirement funds, a Nationwide Retirement Institute® survey of employer-sponsored retirement plan participants and sponsors found that women are more likely to have been financially impacted by the pandemic than men.
About one in five (18%) women feel they are on the wrong track for retirement, and the same percentage expects to retire later than the originally planned due to the pandemic.
Fewer women than men have been able to hit financial milestones such as contributing to a 401(k)/IRA (50% of women vs 58% of men), building an emer... Read More
Mon, 10 January 2022 | consumers economy
As the 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 h... Read More
Tue, 04 January 2022 | consumers cryptocurrency housing
The average U.S. consumer worries about money six times a day. Over half (56%) say they often overextend their spending and are left in a difficult position. Nearly half (49%) of consumers won’t complete a purchase if a retailer does not offer a pay-over-time option at checkout. Affirm Consumer Spend Report
36% of Americans took on holiday debt this season, up from 31% in 2020. Borrowers ... 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