Sunday, April 20, 2025

Inheriting Millennials Want To Talk About Money

Tue, 03 May 2022  |  affluent demographics 

Parents are talking to their children about money, however, four out of five (81%) of 20- to 39-year-olds expecting to inherit more than $1 million believe family meetings would be valuable, according to a survey conducted by Wells Fargo Wealth & Investment Management (WIM). The survey shows that while there are conversations happening between the generations about money, almost three-quarters (72%) say that talking about an inheritance would help them plan better for the future, and more than half (54%) wish there was more transparency in their family about money.

“It’s okay... Read More

Two-thirds of U.S. Lives Paycheck to Paycheck

Mon, 02 May 2022  |  consumers credit 

A new survey from LendingClub and PYMTS.com finds that living paycheck to paycheck has become the dominant way people manage their cashflow in the United States, with close to two-thirds of the U.S. population, 64% or about 166 million adults, doing so in March 2022.

Living paycheck-to-paycheck means dedicating your entire paycheck to spending when there is next to nothing left at the end of the month, but many of these consumers remain creditworthy by actively managing their cash flow in real time. In fact, almost a quarter of paycheck-to-paycheck consumers report a credit scor... Read More

Majority of Americans Worry About Another Market Crash

Wed, 27 April 2022  |  consumers economy 

As world tensions increase and the stock market continues to be volatile, Americans say they are increasingly pessimistic about the economy and stock market performance. In fact, less than half (47%) say they think the economy will improve in the next year, according to the 2022 Q1 Quarterly Market Perceptions Study from Allianz Life Insurance Company of North America. This is down from more optimistic times – 54% in Q4 2021 and 66% in Q4 of 2020.

The majority of respondents (60%) also said they were worried that a major recession is right around the corner. Digging deeper, ... Read More

Vanguard, Schwab Lead in DIY Investor Satisfaction

Tue, 26 April 2022  |  investing pandemic 

The honeymoon may be coming to an end for the tens of millions of new do-it-yourself (DIY) investors who flocked to do-it-yourself retail brokerage firms during the past few years. According to the J.D. Power 2022 U.S. Self-Directed Investor Satisfaction Study,^SM released today, pandemic-era investors who have opened accounts during the past three years are experiencing significantly more problems with their accounts and lower levels of customer satisfaction, resulting in brand loyalty scores that are less than half those of more tenured clients.

“Pandemic-era in... Read More

Fidelity Launches Bitcoin Offering for 401(k) Accounts

Tue, 26 April 2022  |  crypto retirement 

Fidelity Investments^®, one of the largest financial services providers, today announced the launch of Fidelity’s workplace Digital Assets Account (DAA), the industry’s first offering that will enable individuals to have a portion of their retirement savings allocated to bitcoin through the core 401(k) plan investment lineup. The innovative new offering, which MicroStrategy plans to add to its 401(k) plan later this year, will be available broadly to employers mid-year.

Enabling interested employers to offer their employees access to bitcoin through an investme... Read More

Consumer Confidence Lower in April

Tue, 26 April 2022  |  consumers 

The Conference Board Consumer Confidence Index decreased slightly in April, after an increase in March. The Index now stands at 107.3 (1985=100), down from 107.6 in March. The Present Situation Index—based on consumers' assessment of current business and labor market conditions—fell to 152.6 from 153.8 last month. However, the Expectations Index—based on consumers' short-term outlook for income, business, and labor market conditions—ticked up to 77.2 from 76.7.

"Consumer confidence fell slightly in April, after a modest increase in March,&qu... Read More