Thu, 22 September 2022 | consumers demographics women
Money is women's #1 source of stress according the second annual Ellevest Financial Wellness Survey. More than half (59%) of women worry about money at least once a week. And a mere 14% feel prepared for a recession.
"We have long known that money is women's #1 source of stress. This issue has only become more acute as women's financial health has deteriorated. In fact, the EWFHI shows that women's financial health is currently the worst it's been in the last five years," said Ellevest Head Data Scientist Dr. Kate Sullivan, who constructed the proprietary index. "Women's financ... Read More
Mon, 12 September 2022 | consumers economy travel
According to newly released data from Kelley Blue Book, a Cox Automotive subsidiary, the average price paid for a new car in the U.S. in August surpassed July's record and held the average transaction price (ATP) firmly over the $48,000 threshold. In August 2022, the Kelley Blue Book new-vehicle ATP reached a new high of $48,301, surpassing the previous high of $48,080 established in the preceding month. Prices in August 2022 increased 10.8% ($4,712) over the previous year and 0.5% ($222) from July to August.
During the summer, the supply of new-vehicle inventory days stayed con... Read More
Thu, 08 September 2022 | economy
According to the monthly Return to Normal indicator from vehicle-shopping app CoPilot, the used car market has reached its pinnacle after used car prices reached all-time highs throughout the COVID-19 pandemic and supply chain delays, and even stayed steady amid several interest rate hikes this year.
Most markets and brands have seen price declines following recent record highs. The price premium, or the difference between current listing prices and what the identical used automobiles would have been worth, is displayed by CoPilot's Return to Normal Index. This index account... Read More
Thu, 08 September 2022 | consumers
How well would you be equipped to handle the situation if a tragedy came overnight, such as a hurricane, another epidemic, or a worsening of the current economic crisis, for example? The National Financial Educators Council (NFEC) polled 1,201 people in the US to find out how much emergency cash they had saved up in case of local disasters.
According to the study findings, most Americans are woefully unprepared to deal with such a huge tragedy. In this survey, a substantial number (52.1%) of respondents indicated that they would only have enough cash on hand for one month's wo... Read More
Tue, 09 August 2022 | demographics retirement
Gen X is Worried About their Baby Boomer Parents:
Tue, 09 August 2022 | consumers economy
Consumer spending increased in July, according to a new report from the Bank of America Institute, but some customers felt the effects of rising rent prices. According to internal data from Bank of America, median rent payments rose 7.4% over the previous year in July. Despite this, there are many reasons to continue to be optimistic about the steadfast endurance of US consumers: reduced gas prices in July gave consumers some relief, while merchant promotions increased spending on items. Consumers have not yet showed signals of increasing borrowing, and household deposit and savings balances a... Read More
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