A survey released today by the National Association of Personal Financial Advisors found that 82% of working U.S. adults feel stressed about their finances, and nearly one-third (32%) spend half an hour or more during a workday thinking about their finances.
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Rising interest rates and high inflation have left most consumers pessimistic about the state of the U.S. economy and their finances, according to a new poll by insurer Nationwide.
As inflation remains elevated and consumers face persistently higher prices for goods and services, nearly two-thirds—64%—of them are now considered “financially unhealthy,” according to new data released by J.D. Power.
Millennials want advisors who share their values or who understand their life goals and experiences. Doing business with bankers who “get them” will engender trust and solidify these budding relationships.
For bank customers, what’s in (or isn’t in) a bank account can be a source of anxiety. By contrast, says Brian N. Ford, “our research shows that when you have a fully funded account and it’s in the right place, a tremendous amount of confidence will come into your life, regardless of if an emergency ever happens to you in the future.”
Even before the pandemic, most households were skating on thin financial ice.
Banks can learn from the virtual experiences of their customers amid COVID-19 and integrate new technology into their service offerings, including financial advising.
The products and services community banks are most likely to launch in the next 12 months.
The wealth management business is in a race to engage today’s diverse asset management customers. Top wealth management executive Gunjan Kedia explains what U.S. Bank is doing to better serve women in the marketplace amid sweeping demographic changes.