Monday, April 21, 2025

Emerging Trends In Banking And Finance

Thu, 14 October 2021  |  banking demographics 

"As the world of finance continues to evolve, banks, credit unions and fintechs are working to build sustainable solutions that will connect with millenials, Gen Z and baby boomers," said Shayli Lones, VP of Go-to-Market at MX. "The greatest opportunity for banks and credit unions is to capitalize on the level of trust they've already established with their customers. This includes offering competitive and valuable products and services, and keeping the human touch even as interactions move into digital channels."

Key findings include:

Middle Class U.S. Households Have Few Financial Assets

Thu, 14 October 2021  |  retirement 

A new analysis finds that across generations, middle class households in the U.S. own few financial assets and the median amounts held fall far short of the assets needed to fund a secure retirement. In 2019, middle class Millennials owned only 14 percent of their generation's financial assets. The numbers are even worse for middle class Gen Xers and Baby Boomers, which owned eight percent and six percent, respectively, of their generation's financial assets.

"In America, the middle class can no longer afford retirement. Middle class Americans face sharp economic inequalit... Read More

Most Americans Fail to Consult Professionals for Financial Advice

Wed, 13 October 2021  |  advice financial planning 

In a recent survey conducted by the National Financial Educators Council (NFEC), American adults were asked, "When you have a financial question, who do you personally turn to for trusted financial guidance?" The goal of the study was to learn whether people tend to take money advice from trusted professionals, or from some other source.

Following are some selected findings from the survey about where people obtain financial guidance. There were 1,001 respondents from across the US gave their thoughts on this question, "When you have a financial question, who do you personally turn... Read More

Americans’ Priorities, Planning for Retirement are Out of Sync

Tue, 12 October 2021  |  retirement 

The results of a new retirement survey from Regions Bank finds many Americans need help getting on track with savings to retire comfortably. The survey was conducted by Regions Next Step, the bank’s free financial education program.

According to the survey, Americans’ top priority for retirement is maintaining a comfortable lifestyle, with just under half of respondents (45%) saying it is most important to them when thinking about their retirement goals. However, 65% of respondents are not confident they will save enough to retire comfortably. That confidence varies by gen... Read More

Pandemic Spurred U.S. Workers to Reevaluate Life and Finances

Mon, 11 October 2021  |  retirement 

The last 18 months have had a significant impact on businesses, the economy and society — and nearly eight in ten U.S. workers are reevaluating what is important in life, including finances, their career and retirement, according to Lincoln Financial Group’s 2021 Retirement Power® study.

People participating in an employer-sponsored retirement plan are especially motivated — more than two out of three (69%) say they intend to save more in their retirement plan. Participants are not the only people looking to invest in their futures, though, as nearly half of tho... Read More

US Shoppers Start Holiday Shopping Early, But Is It Soon Enough?

Mon, 04 October 2021  |  retail economy 

A new survey from Klarna, a global retail bank, finds that forty percent of consumers are starting their holiday shopping earlier than they did last year. Based on surveys of more than 24,000 US shoppers and Klarna's proprietary shopping data from its 20 million consumers nationwide, the report also found that 71% of shoppers plan to begin purchasing holiday gifts before December and 22% have already started.

Nearly three-quarters (72%) of shoppers cite a desire to take advantage of holiday sales as the main reason for getting a headstart on their gift purchasing this year. Howev... Read More