Monday, April 21, 2025

Pandemic Fuels Career Shifting

Tue, 10 August 2021  |  workplace 

With the prospect of a post-pandemic world on the horizon, or what some are referring to as the YOLO Economy it's clear that employees have the upper hand over their employers these days and are seeking greater flexibility and balance. While many workers report struggling with burn out and return-to-office mandates, a new survey out today from digital wealth manager, Personal Capital, in partnership with The Harris Poll, shows a staggering two-thirds of Americans surveyed (66%) are interested in switching jobs right now, with young generations expressing such sentiment in part... Read More

Average Back-to-School Spending Reaches $498, and 33% of Parents Will Go Into Debt To Pay For It

Mon, 09 August 2021  |  education 

As the era of COVID-19 stretches into another topsy-turvy year, families with school-age kids are gearing up for another deeply uncertain and costly back-to-school shopping season, according to LendingTree's 2021 Back-to-School Shopping Survey.

LendingTree polled more than 1,000 parents with children under the age of 18 and found that families today are dealing with a wide range of financial stressors, including higher levels of debt, sticker shock from inflation and longer school supply lists brought on by the pandemic.

Key findings

• 1 in 3 parents o... Read More

  Used Vehicle Prices Expected to Climb to Record Highs

  Tue, 06 July 2021  |  transportation 

  Consumers seeking relief from new car prices in the used car market might be a bit dismayed by used car prices as well, according to the car shopping experts at Edmunds. Edmunds data reveals that the average transaction price (ATP) for used vehicles climbed to $25,410 in the second quarter of 2021 compared to $22,977 in Q1 and $20,942 in Q2 2020, marking the highest quarterly used ATP Edmunds has on record.

  "Tighter inventory and fewer discounts in the new car market are pushing shoppers to seek a reprieve in the used market, and this consumer behavior is what's also driving ... Read More

  Two-Fifths Of Workers Question Need To Return To Workplace

  Tue, 06 July 2021  |  workplace 

  More and more offices plan to reopen their doors in the coming months, but will their workers show up? Amid higher productivity, 43 percent question the wisdom of returning to the workplace at all.

  The new survey by The Conference Board reveals a notable shift in employees' greatest return-to-work concerns. Once dominant fears of contracting COVID-19 or exposing family members to it now lag behind anxieties about returning at all, dropping by nearly half in the last nine months. Moreover, a clear divide among workers emerged, with lower-level employees, women, and millennials questi... Read More

  A Service Few Retail Bank Customers Ask For

  Thu, 24 June 2021  |  advice banking 

  Retail banks are finding the ultimate formula for customer engagement in a service few customers ask for, but many could benefit from: financial advice. According to the J.D. Power 2021 U.S. Retail Banking Advice Satisfaction Study,^SM released today, 69% of customers who receive advice from their banks act on it, but just 19% of customers say they are interested in receiving it. These findings are notably important in a challenging economic environment in which fewer than half of retail bank customers are financially healthy and just 38% pass a basic financial literacy test. Read More

  Long-Term Care Costs Could Top $600K In Retirement

  Tue, 22 June 2021  |  healthcare 

  An average healthy 65-year-old couple living to their projected actuarial longevity has a 75% chance that one partner will require a significant level of long-term care (LTC), according to a new HealthView Services report. The data show a 25% probability that both will need LTC care in a skilled nursing facility, an assisted living facility, or require at least 44 hours per week of skilled at-home care.

  The new report, "Long-Term Care & Financial Planning," draws upon HealthView Services' actuarial data to highlight the projected LTC costs, the probability care will be required a... Read More

  
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