Wednesday, December 25, 2024

Financial Professionals Prefer Proven Over Trendy

Thu, 01 June 2023  |  investing 

Since the start of the COVID-19 pandemic, traditional investment vehicles have been challenged by trending investment opportunities that have burst onto the marketplace. But despite these opportunities, financial advisers seem to maintain a strong preference for those investment vehicles that have stood the test of time, according to the 2023 Trends in Investing Survey, ... Read More

Hidden costs of homeownership can add up to nearly $15,000 annually

Thu, 01 June 2023  |  housing 

The everyday expenses of owning a home are higher than ever, according to a new analysis from Zillow® and Thumbtack. Utility bills, property taxes, insurance and essential home maintenance can add up to $14,155 a year for the average U.S. homeowner. That's an additional $1,180 per month on top of a typical mortgage payment. First-time home buyers facing affordability challenges in today's market need to understand and budget for these less obviou... Read More

Half of Young Adults Don't Expect to Match Parents Finances

Thu, 01 June 2023  |  demographics finances 

With a possible recession looming and global activism growing, young adults are far more bullish about their ability to change the world than they are about securing their own financial future, according to a report from the TIAA Institute and Business for Impact's AgingWell Hub at Georgetown University.

The report – the Young Adults Personal and World Outlook Survey – surveyed  Gen Z and younger millennials, ages 24 to 35.

More than half (56%) feel that they have a role in solving global problems like climate change, social injustice and political division. But when it... Read More

Home Price Gains Slow to Lowest Rate on Record

Thu, 01 June 2023  |  economy housing 

Home prices rose slightly in May, but price growth slowed to the lowest rate on record since 2016, suggesting home prices may not see a new peak in 2023, according to the Realtor.com® Monthly Housing Trends Report released today. Additionally, home inventory growth continues to slow and is declining in many metro areas across the country as fewer sellers list their homes than last year and buyers compete ov... Read More

Global High-Net-Worth Population Sees Biggest Decline in Size and Wealth for Over a Decade

Thu, 01 June 2023  |  wealth management hnw 

Capgemini’s latest World Wealth Report reveals the global high-net-worth-individual1 (HNWI) population dropped by 3.3% to 21.7 million in 2022, while the value of its wealth decreased by 3.6% to USD 83 trillion. According to the report, this marks the steepest drop in ten years (2013-2022) triggered by... Read More

Americans Facing a New Retirement Reality

Tue, 30 May 2023  |  demographics retirement 

The dynamics of retirement planning have dramatically shifted as Americans navigate inflation, market volatility, financial crises, fears of bank failures and other challenges. Taken together, these factors have created a new retirement reality that may have fundamentally shifted the long-term outlook for many Americans, according to the latest study from Allianz Life Insurance Company of North America (Allianz Life).

With so many financial risks, many Americans may be trading their financial future to get by in the here and now. For example, recent financial crises caused 46% to say ... Read More