Wed, 07 April 2021 | education
A national survey of parents looks at how well they think our education system prepares young people for life after high school and finds a sobering disconnect between the opportunities families want for their child and the postsecondary pathways that are available. While attending a four-year college remains the ideal for many families, 46 percent prefer other options. Even among parents who hope their child will earn a bachelor’s degree, at least 40 percent are interested in career-related learning opportunities such as internships or apprenticeships.
These are among the fin... Read More
Wed, 07 April 2021 | crypto fintech
Fidelity Digital Assets has joined Square, Coinbase, Paradigm and others to form the Crypto Council for Innovation (CCI). The goal of the new alliance of crypto industry leaders is to support governments and institutions worldwide by informing and encouraging responsible crypto-related public policy, and educate the public about crypto’s potential to create positive change.
"We know that crypto holds immense promise for spurring economic growth and creating jobs, improving financial inclusion and access, and enhancing privacy and security -- and that promise transcends borde... Read More
Wed, 07 April 2021 | pandemic housing
After a year in which "working from home" began to feel like "living at work," America has undergone a profound shift in its understanding of "home," driving homeowners to want more space, new uses and a better environment to nurture positive changes that evolved during lockdown. They also want to address design, condition and space frustrations they felt while spending uninterrupted time indoors.
According to the 8th annual LightStream Home Improvement Trends Survey,1 nearly half (47%) of U.S. homeowners say they are utilizing their space differently since the onset of the pand... Read More
Tue, 06 April 2021 | consumers lending
SoFi announced the introduction of personalized auto loan refinancing offers through Lantern, the financial services product comparison site owned and operated by SoFi. SoFi launches auto loan refinancing in partnership with MotoRefi – an auto fintech startup that provides multiple competitive offers through a network of lenders.
Auto loan debt has quickly become one of the most important areas for consumers to be mindful of when it comes to maximizing financial well-being and now ranks as the third largest component of household debt. This need is underscored by the record-s... Read More
Tue, 06 April 2021 | pandemic affluent
Concerned about threats to financial success outside of their control, 46% of affluent Americans have been getting their financial lives in order during the last year, according to a recent study from Bank of America. The research also found that, despite challenges imposed by the pandemic, most survey respondents believe they are on track to reach several financial milestones earlier in life than their parents.
The Bank of America Preferred Insights: Hindsight is 20/20 Personal Finance Report explores more than 2,000 affluent1 Americans’ financial decisions and r... Read More
Tue, 06 April 2021 | housing
The pandemic has upended the meaning of home and prompted many of us to rethink how and where we want to live. A new Zillow survey finds more than 1 in 10 Americans (11%) say they have already moved in the past year -- by choice or by circumstance -- contributing to the Great Reshuffling, and millions of additional households could enter the real estate market as a result of the pandemic.
Moving remains challenging, but it can bring more opportunity now than ever before, thanks in part to the rise of remote work. That inspired Zillow to publish its first ever Mover Report, a d... Read More
News and insights about consumer and demographic financial trends
The Hidden Cost of Idle Cash: What the Vanguard Survey Reveals About America’s Savings Habits
Consumers Growing Cautious Amid Rising Inflation and Economic Uncertainty
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