Tuesday, August 19, 2025

2020 Left Nearly One-Third of Seniors with Financial Troubles

Thu, 18 March 2021  |  pandemic seniors 

The year 2020 was difficult for everyone, especially the elderly. Lockdowns, virtual communication, and a fluctuating economy forced seniors to change their daily life and re-evaluate their future. To understand the impact that 2020 had on seniors' finances and home life, American Advisors Group (AAG the nation's leader in home equity solutions, conducted the Post-2020 Retirement Survey with over 1,500 participants age 60-75.

"Senior citizens make up our entire customer base, so it was important for us to understand how the events of last year affected their well-being," said AAG... Read More

The Conference Board Leading Economic Index® (LEI) for the U.S. Increased in February

Thu, 18 March 2021  |  consumers 

The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.2 percent in February to 110.5 (2016 = 100), following a 0.5 percent increase in January and a 0.4 percent increase in December.

"The U.S. LEI continued rising in February, suggesting economic growth should continue well into this year," said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. "Indeed, the acceleration of the vaccination campaign and a new round of large fiscal supports are not yet fully reflected in the LEI. With those developments, The Conference Board now... Read More

Home Flipping Sales And Profit Margins Both Decline Across U.S. In 2020

Thu, 18 March 2021  |  real estate 

ATTOM Data Solutions released its year-end 2020 U.S. Home Flipping Report, which shows that 241,630 single family homes and condos in the United States were flipped in 2020, down 13.1 percent from 2019 to the lowest point since 2016.

The number of homes flipped in 2020 represented 5.9 percent of all home sales in the nation during the year, down from 6.3 percent in 2019 to the same percentage seen in 2018. The declines in the number of homes flipped in 2020, as well as the portion of home sellers represented by investors, marked the first time si... Read More

One in Three Women Expect It Will Take A Year or More to Financially Recover from COVID-19

Thu, 18 March 2021  |  women pandemic 

The COVID-19 pandemic has negatively impacted women’s personal finances. A new survey by Edelman Financial Engines*, one of the nation’s largest independent financial planning and investment management firms, revealed that 71% of women say the pandemic impacted their finances and one in three expect it could take a year or more to recover. Women of color expect they won’t recover for 6 years on average.

Three in five (61%) women experienced significant adverse financial events during the pandemic, including taking money from savings or investments (26%), losing a job or ge... Read More

Just 26% of Americans Near or at Retirement Age Have Enough Saved for Retirement

Thu, 18 March 2021  |  retirement 

According to the new U.S. Retirement Survey released today by Schroders, saving for the future is among the top three activities Americans have devoted more attention to since the outbreak of the COVID-19 crisis that began over a year ago.

The activities Americans have focused more on during the crisis include:

• Health and fitness (53%)
• Spending time with family (52%)
• Saving for the future (39%)
• What to watch on Netflix and other streaming services (38%... Read More

  Tax Credit Could Cover Entire Down Payment For Homes in 40 of the 50 Largest U.S Metros

  Tue, 16 March 2021  |  housing 

  Zillow research found that with a 3.5% down payment on a 30-year mortgage with a 3% interest rate, about 9.3 million renter households in the U.S. (27.4%) would spend less than a third of their income on the monthly payment for the median home sold in their metro in 2020. An advanceable tax credit would remove for them what two thirds of renters cite as the single biggest barrier to homeownership -- saving for a down payment. Other hurdles include qualifying for a mortgage and job security.

  A tax credit could be even more beneficial to renters in relatively more affordable metros... Read More

  
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