Tue, 19 March 2024 | financial planning retirement
T. Rowe Price, a global investment management firm and a leader in retirement, today published a new report that reveals the importance of financial planning for retirement. The report shows a correlation between individuals with a formal financial plan and having two to four times more wealth when entering retirement compared to those without one. Individuals with a financial plan are also more likely to contribute more toward their retirement and work with a financial advisor.
The report also found that the demand for financial planning services is strongest among individuals who ar... Read More
Tue, 19 March 2024 | advice crypto
Nearly three in five (59%) financial advisors say they recommend that clients allocate a portion of their assets to crypto, according to a December 2023 survey conducted by the Digital Assets Council of Financial Professionals and sponsored by Read More
Fri, 15 March 2024 | retirement women
Women investors' retirement plans are being adversely affected by volatile markets and growing living expenses. According to Nationwide's ninth annual Advisor Authority survey, seven out of ten (70%) female investors say that signs of a potential recession and inflation have caused them to reevaluate if and when they can retire as they deal with a cascade of economic headwinds.
Keeping up with monthly payments and costs has only gotten harder as living expenses keep going up. The rising cost of living is cited by over four out of ten single women (43%) and married women (40%) a... Read More
Tue, 12 March 2024 | retirement
According to a recent poll by Corebridge Financial and The Longevity Project, over half (54%) of Americans say that living to 100 is their aim. The top three benefits of living a long life are family, friends, and new experiences. According to 72% of respondents, the top three benefits of living a long life are having meaningful relationships with family and friends and having more time to explore and try new things.
Even while many desire to live to reach 100 years old, most do not anticipate delaying retirement in order to live longer; instead, the majority (40%) still intend to re... Read More
Tue, 12 March 2024 | consumers economy
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the February 2024 Survey of Consumer Expectations, which shows that inflation expectations remained unchanged at the short-term horizon, while increasing at the medium- and longer-term horizons. Earnings growth and household income growth expectations remained unchanged, while spending growth expectations increased slightly. The average perceived likelihood of voluntary and involuntary job separation increased, while the perceived likelihoo... Read More
Tue, 12 March 2024 | retirement
Several years since the pandemic began, its societal and economic impact is still felt throughout the country, as many Americans now opt for a non-traditional approach to retirement. According to the latest Fidelity Investments® State of Retirement Planning study, which exam... Read More
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
Consumers and Small Businesses Still Grapple with Persistent Check Fraud
Financial Education Gap Leaves Middle-Income Americans Seeking More