Baby Boomers

Empower: Resilient Americans Taking Positive Steps to Manage Inflation

Retrieved on:

Thursday, December 7, 2023

“Despite the economic challenges American workers are facing, it is reassuring that most are taking positive steps to pursue their financial goals,” said Edmund F. Murphy III, president and CEO, Empower.

Key Points:

“Despite the economic challenges American workers are facing, it is reassuring that most are taking positive steps to pursue their financial goals,” said Edmund F. Murphy III, president and CEO, Empower.
“Retirement planning is a lifelong commitment, and this study uncovers that 68% of working Americans are confident they will be financially ready for retirement.
There is still progress to be made, but I am optimistic our retirement system is providing the tools and solutions that are helping individuals achieve good financial outcomes.”
Americans are taking prudent financial steps to manage the ongoing impact of inflation.
More than half (56%) of Americans have spoken with or plan to speak with a financial professional.

Razorfish Study Reveals Baby Boomers’ Strong Technology Affinity

Retrieved on:

Wednesday, December 6, 2023

Marketing transformation agency Razorfish announced a new study “Digital Boomers” examining Boomers’ openness to adopt technology and attitudes toward a more digital world.

Key Points:

Marketing transformation agency Razorfish announced a new study “Digital Boomers” examining Boomers’ openness to adopt technology and attitudes toward a more digital world.
“This research is an eye-opener for anyone that doesn’t think this cohort knows its way around the latest technology products and platforms.”
They have an early adopter attitude to technology – and are confident in using it.
Despite the larger apprehension towards technology trends like AI, the majority are focused on the ways technology will make their futures better.
Razorfish partnered with research company GWI to create a survey exploring Boomers’ attitudes towards technology.

Not so Merry and Bright: MassMutual Quarterly Survey finds Americans’ Confidence in their Financial Futures Low ahead of Festive Season

Retrieved on:

Tuesday, December 5, 2023

“It is crucial to recognize that challenging times require more thoughtful financial planning, and this is a good moment in the year to reflect on what’s ahead.

Key Points:

“It is crucial to recognize that challenging times require more thoughtful financial planning, and this is a good moment in the year to reflect on what’s ahead.
A staggering 76% of respondents with student loan debt say the resumption of student loan payments has had a negative impact on their day-to-day financial health.
HOLIDAY CHEER: Intriguingly, Americans’ anxiety over their financial futures has not notably dampened their holiday cheer compared to last year.
Research was also conducted with an additional sample of 500 adult Massachusetts residents from October 19 to November 7, 2023.

Fidelity® Q3 2023 Retirement Analysis: Workers Commit to the Long-Term While Navigating Uncertain Markets and Short-Term Challenges

Retrieved on:

Monday, November 20, 2023

The total number of IRA accounts rose to 14.6 million, an 11% leap over this time last year (Q3 2022).

Key Points:

The total number of IRA accounts rose to 14.6 million, an 11% leap over this time last year (Q3 2022).
Across generations, Roth IRAs continue to be the preferred retail retirement savings vehicle, with 61.2% of all IRA contributions going to Roth.
“It’s impressive to see Gen Z entering the workforce and prioritizing retirement savings,” said Rita Assaf, head of Retirement Products.
Hardship withdrawals: In Q3, 2.3% of workers took hardship withdrawal, up from 1.8% in Q3 2022.

Nanit Black Friday (2023): Round-up of Early Offers Researched by Deal Tomato

Retrieved on:

Friday, November 17, 2023

Family, Online Retail, Consumer Electronics, Retail, Consumer, Technology, Baby Boomers, Travel pack, Consumer electronics

Round-up of any early Nanit Black Friday 2023 offers and deals, including a summary of any available deals on Best Sellers Bundle, Floor Stand, Sleeping Bag, Flex Stand, Pro Camera, Travel Pack, Sound + Light machines and more smart baby monitors. Links to any available offers are shown below.

Key Points:

Round-up of any early Nanit Black Friday 2023 offers and deals, including a summary of any available deals on Best Sellers Bundle, Floor Stand, Sleeping Bag, Flex Stand, Pro Camera, Travel Pack, Sound + Light machines and more smart baby monitors. Links to any available offers are shown below.

Super Bowl MVP and Buffalo Bills Linebacker Von Miller, Teams up with Leading Optical Retailer GlassesUSA.com To Create Exclusive Eyewear Collection

Retrieved on:

Thursday, November 16, 2023

GlassesUSA.com, the leading online eyewear retailer in the United States, today announced the launch of the Von Miller x GlassesUSA.com eyewear collection, in collaboration with Super Bowl MVP and Buffalo Bills Linebacker Von Miller, which will be available exclusively at leading online eyewear retailer GlassesUSA.com, part of a Own Your Vision brand campaign.

Key Points:

GlassesUSA.com, the leading online eyewear retailer in the United States, today announced the launch of the Von Miller x GlassesUSA.com eyewear collection, in collaboration with Super Bowl MVP and Buffalo Bills Linebacker Von Miller, which will be available exclusively at leading online eyewear retailer GlassesUSA.com, part of a Own Your Vision brand campaign.
"At GlassesUSA.com, we're proud to announce a special eyewear collection that's been a journey of passion and style, co-created with the one and only Super Bowl MVP, Von Miller.
Our 'Von Miller x GlassesUSA.com' collection is more than eyewear; it's the embodiment of shared values and our collective approach to life.
To discover more from the Von Miller x GlassesUSA.com eyewear collection, please visit: Von Miller x GlassesUSA.com | Exclusive Eyewear Collection .

Shoppers are Banking on Deals this Holiday Season, but Still Plan to Splurge, TD Survey Finds

Retrieved on:

Tuesday, November 14, 2023

TD Bank, America’s Most Convenient Bank® , today announced the results of its 2023 Merry Money Survey, revealing that shoppers are staying on top of their holiday budgets.

Key Points:

TD Bank, America’s Most Convenient Bank® , today announced the results of its 2023 Merry Money Survey, revealing that shoppers are staying on top of their holiday budgets.
Despite their budgeting savvy, nearly all shoppers (96%) expect to overspend on gifts this holiday season.
TD polled 2,000+ U.S. consumers regarding their shopping and overall money management habits during the holiday season.
The survey found that budget-conscious shoppers are becoming slightly more optimistic about the overall economy, with 68% of respondents citing concerns around inflation’s impact on their holiday shopping needs, down from 75% in 2022.

Janus Henderson Survey Finds More Investors Concerned about 2024 U.S. Presidential Election than Rising Rates or Potential Recession

Retrieved on:

Tuesday, November 14, 2023

Notably, older investors are more concerned about the election than younger investors.

Key Points:

Notably, older investors are more concerned about the election than younger investors.
Nearly 7 in 10 (69%) members of the Silent Generation (ages 75+) are very concerned about the 2024 US Presidential election compared to just 37% of Millennials (ages 25-40).
“Despite investors’ concern about the 2024 U.S. Presidential election, results haven’t historically been a reason to exit the capital markets,” said Matt Sommer, Head of Specialist Consulting Group at Janus Henderson Investors.
1 The research was conducted on behalf of Janus Henderson by 8 Acre Perspective, an independent marketing research firm.

Jackson Study Finds Vast Majority of Investors Inaccurately Predict Life Expectancy, Increasing Risk in Their Retirement Income Plans

Retrieved on:

Monday, November 13, 2023

The study is part one of Jackson’s Security in Retirement Series conducted in partnership with the Center for Retirement Research at Boston College.

Key Points:

The study is part one of Jackson’s Security in Retirement Series conducted in partnership with the Center for Retirement Research at Boston College.
This multi-phase research effort explores the potential threats to financial security in retirement and how financial professionals and retirement investors can more effectively manage these threats.
Jackson’s work with the Center for Retirement Research aims to help retirement investors and financial professionals better navigate financial challenges in this unprecedented era.
The study entails comprehensive, academic research focused on the dynamics of the annuity puzzle,5 a phenomenon where retirees, despite sound reasons, do not create guaranteed retirement income streams.

Nearly Half of the Sandwich Generation Report a Time They were Unable to Meet Essential Expenses Due to Costs of Caregiving, Finds Special Edition of New York Life Wealth Watch Survey

Retrieved on:

Wednesday, November 1, 2023

However, women caregivers continue to report carrying a greater emotional burden and spending more hours per week caregiving than men.

Key Points:

However, women caregivers continue to report carrying a greater emotional burden and spending more hours per week caregiving than men.
The demographic profile of the Sandwich Generation is increasingly male compared to 2020:
In 2023, 45% of self-reported caregivers are women and 55% are men.
“Our data show the demographic balance of the Sandwich Generation has shifted, as our population ages and more Millennials step into caregiving roles.
Over half (51%) of the Sandwich Generation report they’ve made a sacrifice to their own financial security to provide care and nearly half (45%) report having credit card debt.