Sunday, June 29, 2025

Many Employers Are Concerned About Employee Retirement Readiness

Thu, 15 April 2021  |  employment retirement 

One year into the COVID-19 pandemic, business leaders remain focused on helping employees manage the impact of recent market volatility on their retirement plans, according to the latest quarterly Principal® Retirement Security Survey1. More than 75% of employers say they are doing their part by providing the education and resources needed to plan for retirement, yet half of employers also say they are concerned about the overall low preparation for retirement on the part of their workers. Nearly half of workers surveyed say they are somewhat or very confident about having enough money sav... Read More

March Was the Hottest Month in Housing History

Thu, 15 April 2021  |  housing 

The national median home-sale price hit a record high of $353,000 in March, up 17% from 2020 and a record high rate of growth, according to a new report from Redfin. The housing market set several other records in March, even considering the fact that year-over-year comparisons are now looking at the start of the pandemic:

• The number of homes for sale fell to a record low, with a record year-over-year drop of 29%.
• The typical home sold in just 25 days, a record low.
• 42% of homes sold above their list price, a record high. <... Read More

  Pandemic Accelerates Changes In Banking Behavior

  Thu, 15 April 2021  |  banking 

  Recent research by BAI, a nonprofit independent organization that delivers the financial services industry’s most actionable insights, found consumer banking preferences are shifting and behaviors are evolving by generation. The research reveals how the pandemic has accelerated changes in banking behaviors among Baby Boomers (Boomers+), Generation X (Gen X), Millennials and Generation Z (Gen Z) customers. These findings seek to better understand generational banking preferences to equip financial services leaders with the insights needed to plan for the future.

  Trends by... Read More

  COVID-19 Has Exacerbated Economic Inequality in the U.S.

  Thu, 15 April 2021  |  pandemic retirement 

  More than half of U.S. adults consider their household finances to have changed significantly due to the COVID-19 pandemic, according to a new survey by TIAA. Nearly one third of all Americans (29%) say they are worse off and approximately one quarter (24%) report that they are better off financially.

  Notably, 37% of households making less than $50,000 per year describe themselves as worse off because of the pandemic. In stark contrast, only 15% of households making more than $100,000 a year describe themselves as worse off.

  Survey suggests the pandemic's deceleration ho... Read More

  Average New-Vehicle Prices Above $40,000

  Thu, 15 April 2021  |  transportation 

  The valuation analysts at Kelley Blue Book today reported the estimated average transaction price for a light vehicle in the United States was $40,472 in March 2021. New-vehicle prices increased $1,660 (up 4.3%) from March 2020, while dropping $608 (down 1.5%) from February 2021.

  "March average transaction prices continued to perform above the threshold of Read More

  U.S. Foreclosure Activity Continues To Increase Despite Government Moratorium

  Thu, 15 April 2021  |  housing real estate 

  ATTOM Data Solutions released its Q1 2021 U.S. Foreclosure Market Report, which shows there were a total of 33,699 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — during the first quarter of 2021, up 9 percent from the previous quarter but down 78 percent from a year ago.

  The report also shows a total of 11,880 U.S. properties with foreclosure filings in March 2021, up 5 percent from the previous month but down 75 percent from March 2020 — the second consecutive ... Read More

  
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