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
Tue, 09 August 2022 | economy inflation
State Street Global Advisors, State Street Corporation's (NYSE: STT) asset management business, released its Inflation Impact Survey today. The survey reveals how inflation affects Americans' spending, saving, and investing behavior. Over two-thirds of investors (67%) are concerned about our country's economic outlook over the next 12 months, with over half also concerned about market volatility (57%) and the value of their current investments (59%). Generation X is more concerned than Millennials or Boomers about inflation, the stock market, and the economy.
Less than a quarter... Read More
Tue, 09 August 2022 | economy inflation customer experience CX UX
In the US, customer satisfaction is steadily declining. Not only has it decreased for three straight quarters, but it has also decreased by 5% during 2018—the biggest reduction in the ACSI's 28-year history. On a scale of 0 to 100, it is currently at 73.1 and has declined in 12 of the last 15 quarters.
The traditional remedy for reducing inflation and calming an overheated market is to raise interest rates. However, the current economic climate has unique difficulties.
However, the current economic downturn is distinct from those in the past and more complex. It is u... Read More
News and insights about consumer and demographic financial trends
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US Taxpayers Say Tax Refunds are a Financial Necessity
Consumer Pessimism Grows Despite Stable Long-Term Inflation Expectations
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