Sunday, April 20, 2025

Rising Longevity Influencing Planning and Priorities

Wed, 11 May 2022  |  retirement 

Edward Jones' and Age Wave's latest representative study of more than 11,000 North American adults, "Longevity and the New Journey of Retirement," examines the changing definition of retirement, the patterns of people's experience in retirement and the keys to thriving along the way. Despite Americans' worries about health care and long-term care costs in retirement, they still desire to live longer, and nearly seven in 10 Americans (69%) want to live to age 100.

Americans who want to live to 100 indicated that they hope to live longer because they want to spend more years with fam... Read More

Total Household Debt Increases in Q1 2022

Tue, 10 May 2022  |  consumers debt 

The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The Report shows a solid increase in total household debt in the first quarter of 2022, increasing by $266 billion (1.7%) to $15.84 trillion. Balances now stand $1.7 trillion higher than at the end of 2019, before the COVID-19 pandemic. The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel.

Mortgage balances rose by $250 billion in the first quarter of 2022 and stood at $11.18 trillion a... Read More

Boomers Prefer Credit Cards Over Debit Cards

Thu, 05 May 2022  |  consumers payments 

Credit and debit cards are the payment method of choice for most consumers according to new researchFiserv, Inc., a leading global provider of payments and financial services technology solutions. Cards are seen as the fastest, easiest and most preferred payment method across generations, while specific payment habits vary by age.

“Credit and debit card usage among consumers remains robust, with each generation displaying unique habits and preferences when it comes to card choice and management,” said Himanshu Patel, Co-Head of Banking at Fiserv. “Aligning card offerings... Read More

Majority of Young Professionals Changed Jobs During the Pandemic

Wed, 04 May 2022  |  workplace 

It’s no secret that the last two years of the pandemic have caused many Americans to reassess their lives – everything from health, family, financial situation and careers. Fidelity Investments^®, in its commitment to helping its customers achieve their financial goals at every life stage, today shares results of its 2022 Career Assessment Study. The study examines how working professionals are evaluating their next career move, the employer benefits that are most meaningful, and how they balance monetary benefits versus quality of work life.

The study reveals t... Read More

Millennials Want Financial Advice, Not Trophies

Wed, 04 May 2022  |  advice demographics 

Millennials have grown up, and it turns out they are the financially disciplined, focused and responsible adults in the room, according to new survey findings published today by Natixis Investment Managers (Natixis IM). The oldest members of the generation born between 1981 and 1996 are now in their 40s, and they are entering their peak earning years with financial means and maturity that should bode well for them and an unexpected ally in their success: Financial advisors.

Natixis IM surveyed nearly 2,500 Millennials around the world, including more than 200 in the United Sta... Read More

Parents Have a Long Way to Go to Prepare Financially Self-sufficient Youth

Wed, 04 May 2022  |  education finance 

According to the National Financial Educators Council, parents have a powerful influence on the adults their children become – including how they handle their personal finances. But our nation's families have a long way to go in terms of preparing children to become financially self-sufficient. This month the NFEC is highlighting a recent survey indicating that most parents fall short of teaching their teenagers key life skills they'll need to meet the financial challenges of adulthood.

The survey took place between April 20 and April 25, 2022, asking 1,502 respondents across ... Read More