Friday, April 18, 2025

Employees Are Still Not Ready for Unexpected Medical Expenses

Wed, 06 March 2024  |  financial wellbeing 

A recent survey conducted by New York Life Group Benefit Solutions among U.S. adults with employer-sponsored health insurance shows that many feel financially unprepared to handle medical costs. This financial burden has led some to delay care as a result, underscoring a widespread need for additional financial protection solutions.

Survey participants reported notable concerns when it comes to their ability to manage healthcare expenses. A substantial 72% of respondents expressed a desire for lower out-of-pocket healthcare expenses, reflecting the broader sentiment that healthcare co... Read More

Mortgage Affordability Gap Between Black and White Renters Narrowed During Pandemic

Mon, 26 February 2024  |  demographics housing 

The gap between the share of Black and white renting families that could comfortably afford a mortgage payment shrunk significantly during the pandemic, a new Zillow® report sho... Read More

Black Consumers Remain Optimistic About Their Financial Health

Thu, 15 February 2024  |  consumers economy 

While Black consumers frequently report facing numerous signs of financial stress, expectations that their financial health will improve far exceed that of consumers from other demographics, according to the results of a new survey by Achieve, a digital finance company.

Achieve surveyed Black Americans to understand the key financial pain points and goals facing this community and found that inflation and debt make it difficult for many to meet their financial goals. Black consumers reported having limited funds in their checking and savings accounts and many had expectations that the... Read More

Improving Financial Literacy Supports Retirement Wellness and Confidence

Thu, 15 February 2024  |  retirement financial wellness 

The American College of Financial Services 2023 Retirement Income Literacy Study finds that older Americans lack actionable retirement knowledge—averaging 31% on a retirement literacy quiz. The study reinforces the direct relationships that exist between financial literacy and factors such as asset level, as respondents with more than $1.5 million score twice as high as those with less than $100,000 (50% vs. 25%). The study also reveals the essential role financial professionals play in educating clients, as advised respondents have higher retirement income literacy ... Read More

Insights into Offerings for High Net Worth Clients by Leading Wealth Managers

Fri, 09 February 2024  |  high net worth wealth management 

The investment world is continuously transforming, offering high net worth individuals a broad spectrum of unique products and services tailored to meet their complex financial needs. Leading the charge are firms like Goldman Sachs, Merrill Lynch, Morgan Stanley, and UBS, each providing a blend of innovation and deep market insight to help their clients navigate their financial journey. 

Bespoke Investment Solutions

High net worth individuals require more than generic investment advice. Acknowledging this, firms such as Merrill Lynch and Morgan Stanley craf... Read More

One-fourth of Couples Call Money Their Greatest Relationship Challenge

Thu, 01 February 2024  |  consumers spending 

Every February, Americans celebrate their commitment to one another, shining a bright light on love and relationships. However, the Fidelity Investments® 2024 Couples and Money study reveals that couples may not be as compatible as they believe, with 45% of partners admitting they argue about money at least occasionally. While over one-fourth of couples say money is the biggest obstacle in their relationship, there is good news: over half of respondents feel very good or outstanding about their financial situation, and 27% of boomers say their love language is creating a financial plan tog... Read More