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
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
Mon, 22 January 2024 | consumers economy
According to the recently released KeyBank 2024 Financial Mobility Survey, a staggering 66% of Americans would choose to work at a job they love even if it paid less than their current salary (34%). At the same time, a quarter of Americans say they're saving less and spending more, up from 13% in 2021 and 15% in 2022. Additionally, 60% of Americans think a recession is underway or will occur soon, suggesting that people are putting their happiness first while preparing for financial difficulties.
Indeed, almost one-third (30%) of poll participants report experiencing daily financial s... Read More
Thu, 18 January 2024 | housing
According to the January 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group, the housing market is anticipated to gradually return to a more normal balance in 2024, following years of significant oscillations in mortgage rates and divergences of key housing market measures from their historical, pre-pandemic relationships.
According to the ESR Group, mortgage rates will drop in 2024 and finish the year at less than 6%. Refinance volumes are predicted to nearly double from their 2023 levels in 2024 due to the reduced interest rate environment. These v... Read More
Thu, 18 January 2024 | housing
The 2024 Rental Affordability Report from Attom, a real estate data aggregator, reveals that renting a typical three-bedroom home is cheaper than owning in nearly 90% of local markets throughout the US. According to the survey, the majority of county-level housing markets saw rent or ownership of a three-bedroom home consume more than one-third of the salaries of average workers, resulting in considerable financial constraints. However, in 296 out of 338 U.S. counties with sufficient data for analysis, median rental rates still demand a lesser percentage of typical salaries than signi... Read More
Tue, 16 January 2024 | consumers economy spending
The latest survey from the Federal Reserve Bank of New York’s Center for Microeconomic Data shows households are continuing to reduce the growth in monthly household spending, although growth still remains above pre-pandemic levels.
The share of households that reported making a large purchase during the past four months fell compared to August 2023 levels, although it increased for home repairs and electronics. Year-ahead overall household spending growth expectations similarly continued to moderate and reached 3.0% in December 2023, its lowest reading since December 2... 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