Sixty-four percent of Americans are more afraid of running out of money than of dying, according to a new survey by Allianz Life.
Tag: U.S. Economy
Post
AMERICANS ARE SCALING BACK THEIR STANDARDS FOR RETIREMENT
A year ago, Americans responding to a Northwestern Mutual survey said they needed an average of $1.46 million to retire comfortably.
Post
CONSUMERS REMAIN GLUM, MICHIGAN SURVEY FINDS
In its final April poll, the University of Michigan’s bimonthly survey of consumer sentiment rated households’ outlook for the economy at 52.2, down from 57 in March’s final sampling.
Post
42 PERCENT OF YOUNG AMERICANS ARE IN A FINANCIAL STRUGGLE
Among Americans under age 30, 42 percent report they are either “getting by with limited security” or “struggling to make ends meet,” according to a new survey by Harvard University’s Institute of Politics.
Post
WORRIED ABOUT THE FUTURE, CONSUMERS CUT SPENDING
U.S. consumers are continuing to reduce their spending on non-essential items such as snacks, airline flights, and eating out, The Wall Street Journal reported.
Post
ECONOMIC UPDATE—MARKET OVERVIEW
As the old saying goes, “round and round it goes, where it stops nobody knows.” It’s a spinning wheel and President Donald Trump is the spin master.
Post
THE 19 RICHEST U.S. FAMILIES TOOK IN ANOTHER $1 TRILLION IN 2024
Last year, the 19 richest American families—one one-hundred-thousandth of one percent of the population (0.00001 percent)—enriched themselves by an additional $1 trillion, a sum exceeding the Swiss national GDP, according to an analysis from the Paris School of Economics and the University of California, Berkeley.
Post
SPOTLIGHT: BIGS GETTING BIGGER
When Donald Trump won the race to the White House back in November, there were high expectations that the equity markets would spike, the value of the dollar would rise and it would be high times for the Merger and Acquisition Gang.
Post
MORTGAGE RATES CLIMB BACK UP OVER 7 PERCENT, CHILLING HOME SALES
On 11 April, the national average interest rate on a 30-year, fixed-rate mortgage rose .13 of a percentage point to reach 7.1 percent, its loftiest since mid-February, according to Mortgage News Daily (MND).
Post
RECORD NUMBER OF CREDIT CARD HOLDERS MAKING ONLY MINIMUM PAYMENTS
In the final quarter of last year, 11.2 percent of credit card holders were making only minimum payments on their accounts, according to data from the Federal Reserve Bank of Philadelphia.