Wednesday, December 25, 2024

Gen Z Immersing Themselves in World of Investing

Wed, 24 May 2023  |  investing 

• Research from CFA Institute and the Financial Industry Regulatory Authority Investor Education Foundation (FINRA Foundation) reveals how access to investment products, sources of investment knowledge, and macroeconomic uncertainty are factors in Gen Z's financial decision making.
• Four in five (82%) Gen Z investors surveyed in the U.S say they began investing before they turned 21, as did 79% of Canadian, 81% of UK and 63% of Chinese Gen Z investors.
• 41% of Gen Z investors ages 18 to 25 surveyed in both the U.S. and Canada cite fear of missing out ("FOMO") as a factor in... Read More

  Three-Fifths Of Americans Living Paycheck To Paycheck

  Tue, 28 February 2023  |  consumers 

  A new survey from LendingClub and PYMNTS finds that 60% of U.S. adults, including more than 40% of consumers with high incomes, reported living paycheck to paycheck as of January 2023, a decrease of 4 percentage points from January 2022. This drop shows that some consumers' financial conditions have actually improved as a result of spending reductions over the past year.

  Also, it seems like customers are becoming used to the current financial climate. For instance, fewer customers now anticipate a worsening of their financial status, and more people have a positive outlook towar... Read More

  Majority of Consumers Want Fewer Marketing Messages

  Mon, 27 February 2023  |  consumers 

  The Optimove 2023 Consumer Marketing Fatigue Survey found that 66% of consumers want fewer marketing messages and 27% believe they are inundated with them. Additionally, nearly eight in ten customers (79%) claim that an overabundance of marketing messages forced them to unsubscribe from at least one retail company in the previous three months. Also, according to 61% of consumers, receiving too many marketing messages caused them to unsubscribe from three or more retail businesses.

  73% of respondents said they wished to receive less marketing communications in 2023 compared to 20... Read More

  Most U.S. Consumers Living Paycheck to Paycheck

  Mon, 30 January 2023  |  consumers economy 

  A new survey from Lending Club and PYMTS found that 64% of U.S. consumers (166 million) lived paycheck to paycheck in December 2022, up 3 percentage points from 61% the year before. Higher income categories had the largest rise. In reality, 9.3 million more customers live paycheck to paycheck, while eight million, or 86%, earn above $100,000.

  51% of consumers earning over $100,000 lived paycheck to paycheck in December 2022, up 9 percentage points from 42% in December 2021. As of December 2022, 66% and 78% of middle-income consumers (those earning between $50,000 and $100,000 yearly) ... Read More

  Confidence in Housing Hits New All-Time Low

  Mon, 07 November 2022  |  consumers economy housing 

  The Fannie Mae Home Purchase Sentiment Index® (HPSI) dropped 4.1 points in October to 56.7, its lowest score since the index's launch in 2011 and its eighth consecutive monthly decline. As consistently high home prices and unfavorable mortgage rates continue to drive consumers' housing affordability concerns, five of the six index components dropped month over month, including those related to home purchasing and selling conditions. Only 16% of respondents said it's a good time to buy a house right now, a new survey low, while 59% of respondents said it's a good time to sell a house righ... Read More

  Many U.K. Consumers Struggling With Credit Card Debt

  Thu, 22 September 2022  |  consumers economy 

  As the cost-of-living crisis bites, Marqeta, a global credit card issuance platform, revealed new research finding that over half (48%) of UK consumers questioned find it difficult to make the minimum monthly payments on their credit cards. The poll of more than 1,000 UK consumers reveals that as the country transitions from the pandemic to the cost-of-living issue, individuals have merely switched their financial concerns. With 57% of those surveyed reporting using credit cards to make ends meet over the past year.

  Consumers in Generation Z are even more dependent on credit; 68% of r... Read More

  
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