Wed, 22 December 2021 | real estate
Homeowners in the US have earned $ 9.1 trillion in increased property values over the past year, as home prices continued to rise due to an acute shortage of real estate, according to a new report by Redfin (redfin.com). US home values rose 31.4% year on year to $ 38.3 trillion last month, well above the 9.7% year on year ($ 2.6 trillion) recorded in November last year. Housing prices rose sharply during the pandemic as mortgage rates hit record lows, teleworking and the skyrocketing stock market boosted demand for housing amid continuing housing shortages. November marked th... Read More
Tue, 21 December 2021 | boomers technology
Technology use by people over 50 has skyrocketed during the pandemic, according to a new report from AARP Tech Trends, and these new habits and behaviors are likely to continue. In addition, AARP found the majority of respondents (70%) purchased technology in the past year, and today their costs are much higher than in 2019 - $ 821 now compared to $ 394 then. Smartphones and their accessories, and Bluetooth headsets were at the top of the shopping list, but smart home technology was also key to them.
Unsurprisingly, the use of technology made social connections easier during t... Read More
Wed, 08 December 2021 | advice consumers finances
A new survey from LendingTree found that almost one-fifth (19.2%) of Americans have made a financial decision based on their horoscope, and an additional 30.6% would consider doing so. Millennials are most likely to make a financial decision based on their horoscope.
Key findings
Mon, 06 December 2021 | advice demographics
Over one-third (34%) of Millennials and Generation Z Americans say that a lack of financial guidance is inhibiting to their ability to prepare for retirement, according to a survey released today from the National Association of Personal Financial Advisors (NAPFA). Millennials reported feeling the most unprepared when it comes to their futures (38%), with about 30% of Gen Z respondents feeling unprepared.
The survey results show that more than one-third (39%) of Americans under 65 receive their financial advice online or from social media. Further, over one-fourth of Gen Z Ame... Read More
Fri, 03 December 2021 | pandemic workplace
Despite the enthusiasm by many corporate executives to get their workers back in the office, a new survey from The Conference Board finds that COVID concerns are not what's keeping staff away. In fact, they are working from home because of the greater work-life balance it purportedly offers. Indeed, workers place such a premium on this balance, that a quarter of workers who... Read More
Fri, 26 November 2021 | economy retirement travel
The holiday season started this week with consumers showing they're ready to get back into the air. According to CheapOair, online searches of airline tickets for Thanksgiving and through the holidays are up 72% as compared to searches in August of this year. Comparing the same period, searches for US to International destinations are up 73%, and searches for international origin to US destinations are up 129%.
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