Wednesday, August 20, 2025

Digital Banking Grows During Covid-19

Mon, 01 February 2021  |  banking digital 

Through the ongoing Covid-19 pandemic, as bank branch visits have dropped, customers have turned to digital channels for all kinds of transactions, including the purchasing of banking products. This change has led to an increase in hidden defection of consumers, who are now increasingly buying products from banks and providers other than their primary bank. Now, depending on the country surveyed, between 25 percent and 51 percent of all banking product purchases are going to banks that aren't the surveyed customers' primary bank. These are among the findings included in Bain & Company's l... Read More

One-Third of American Workers Don’t Understand the Benefits They Selected During Open Enrollment

Fri, 29 January 2021  |  benefits workplace 

Working Americans will increasingly be turning to their employers in 2021 for education, support and guidance to better understand their workplace benefit, based on the results of a new survey from Voya Financial. Specifically, the results show 35% of employed individuals report not fully understanding any of the employee benefits they enrolled in during their most recent open enrollment period. This rises among younger workers — with more than half (54%) of millennials reporting they don’t understand their benefit selections.

“Last year, the COVID-19 pandemic taught many ... Read More

Young Adults Are on an Uncertain Road to Retirement

Thu, 28 January 2021  |  millennial retirement 

With increasing strain on social security systems globally and the economic effects of the pandemic intensifying, young adults are setting out on an uncertain journey of work and money. They are expecting to self-fund an even greater proportion of their retirement income than previous generations. However, few young adult workers (age 20 to 29) think they are on course to achieve their retirement income needs (20 percent global, 26 percent U.S.), according to a new report, Read More

Women Report Pandemic Has Impacted Ability To Retire

Thu, 28 January 2021  |  pandemic women retirement 

As the COVID-19 pandemic wears on, women investors are more concerned about their finances and feel less prepared than they've been in years. Nearly three in four (72%) women with investable assets of $100,000 or more said the pandemic has negatively impacted their ability to retire. These are among the latest findings from Nationwide's sixth annual Advisor Authority study, powered by the Nationwide Retirement Institute®, reflecting the responses of more than 2,500 individual investors, advisors and financial professionals.

Women investors in 2020 reported significantly higher ... Read More

Home Seller Profits Soar In 2020

Thu, 28 January 2021  |  housing 

Home sellers nationwide in 2020 realized a home-price gain of $68,843 on the typical sale, up from $53,700 in 2019 and $48,500 two years ago, according to a new report from ATTOM Data Solutions. Profits rose in more than 90 percent of housing markets with enough data to analyze and the latest figure, based on median purchase and resale prices, marked the highest level in the United States since at least 2005.

The $68,843 profit on median priced single-family homes and condos represented a 34.7 percent return on investment compared to the original purchase price, up from 29.4 per... Read More

Pandemic May Be Catalyst to More Retirement Savings

Wed, 27 January 2021  |  pandemic retirement saving 

The COVID-19 pandemic and its effects on the economy had Americans tightening their belts, and it may be the catalyst that now drives them to spend less and save more. That’s according to a new survey from Empower Retirement and Personal Capital conducted by Harris Poll1 that asks working and retired Americans how the coronavirus economy has affected them and their savings plans. The results show that Americans are worried about the overall economy, but they are committed to setting and reaching their financial goals.

The pandemic highlighted the importance of saving, accordi... Read More