Saturday, April 12, 2025

Women Investors Unsure About Retirement

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

Many Americans Expect Three Decades of Retirement

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

Consumers Expect Higher Inflation Ahead

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

Americans Choosing a More Intentional Retirement

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

The Cost of Long Term Care

Tue, 12 March 2024  |  healthcare 

According to Genworth's Cost of Care Survey 2023, the cost of long-term care services grew for all provider types and climbed more significantly for specific settings. The costs of homemaker services and home health aides saw the biggest expense increases. The primary causes of the rise in the cost of care services are inflation and the scarcity of qualified caregivers.

Since 2004, Genworth and CareScout, a fully owned subsidiary of Genworth Financial, Inc., have collaborated to perform the Cost of Care Survey. The survey was redesigned with improved methodology and new questions on ... Read More

Bank of America Patents Up 70% Over Five Years

Fri, 08 March 2024  |  technology 

Approximately 6,600 issued patents and pending patent applications represent a record year for Bank of America's patent portfolio, which has increased by 13% year over year and by nearly 70% since 2019. The corporation received a record 644 patents last year, up 54% from the total number of patents awarded in 2019. As a result, the business moved up the Intellectual Property Owners Association's Top 300 list of patent owners, from 75th to 64th place.

Aditya Bhasin, Chief Technology and Information Officer at Bank of America, said, "Technology helps us deliver world-class capabilities... Read More