Emerging Trends

  • Most Families Say College is Worth the Cost
    Most Families Say College is Worth the Cost

    They Believe They’re Getting a Good Value for the Amount They Spend

    The clear majority of families believe higher education is well-worth the investment, and most students and parents are willing to stretch themselves financially to make it happen, according to “How America Values College 2018,” the national study from Sallie Mae, the nation’s saving, planning, and paying for college company, and Ipsos, an independent global market…
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  • Retirement Savings Snapshot Reveals A Growing Trend
    Retirement Savings Snapshot Reveals A Growing Trend

    Account Balances Rebound, While Auto Enrollment Continues to Drive Positive Savings Behavior

    Fidelity Investments®, one of the most diversified financial services companies with more than $7.0 trillion in client assets, today released its quarterly analysis of retirement savings trends, including account balances, contributions, savings behavior and details on workplace savings plan design
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  • Employers Not Budging on Budgets, Salary Increases Remain Flat
    Employers Not Budging on Budgets, Salary Increases Remain Flat

    Organizations look to alternative ways to invest in their current and future workforce

    Organizations are holding the line on pay raises for US employees. According to Mercer’s 2018/2019 US Compensation Planning Survey, salary increase budgets for 2018 are 2.8% – no change from 2017 – and projected to be only 2.9% in 2019, despite noticeable factors like the tightening labor market and a high rate of workers voluntarily…
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  • Wealth & The Great Generational Confidence Gap
    Wealth & The Great Generational Confidence Gap

    Despite Good Intentions, Millennials and Gen Z Are Demonstrating Unrealistic Expectations About Their Financial Futures

    A decade after the onset of the financial crisis, American young adults are optimistic about their future financial success but demonstrate behaviors that suggest they may be unprepared for the realities of achieving it.
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  • Big Data & You
    Big Data & You

    Insurers Must Shift from Report-Driven to Data-Driven Strategy to Succeed in Digital Insurance 2.0

    Majesco (NYSE AMERICAN: MJCO), a global provider of core insurance platform software and consulting services for insurance business transformation, today announced the release of a new thought leadership report, Digital Insurance 2.0: Building your Future on a Robust Data Foundation, which details the opportunity, and provides a roadmap, for insurers to fully leverage the power…
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  • Not Budging: 2019 Forecasted Base Salary Increases Stay at 3 Percent
    Not Budging: 2019 Forecasted Base Salary Increases Stay at 3 Percent

    Meanwhile, a 3.9% uptick in CPI negates any real wage growth

    For the eighth year in a row, U.S. employees can expect to see a 3 percent median base salary increase in 2019, according to new research released by Korn Ferry (NYSE:KFY). The average base pay increases are for workers at all levels, from clerical through senior executive.
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  • New Data: Personal Debt On The Rise Topping $38,000 Exclusive Of Mortgages
    New Data: Personal Debt On The Rise Topping $38,000 Exclusive Of Mortgages

    Credit Card Debt Surges as Americans Spend on Dining & Nightlife, Hobbies, and Personal Care

    Though the majority of Americans (53%) cited debt reduction as their top 2018 financial priority, average personal debt (exclusive of home mortgages and among those with some debt) climbed higher this year, exceeding $38,000 compared to just over $37,000 in 2017.
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  • Healthcare Costs, Outliving Savings Dampen Employer Confidence in Employees’ Retirement Futures
    Healthcare Costs, Outliving Savings Dampen Employer Confidence in Employees’ Retirement Futures

    Survey finds nonprofits are more likely than for-profits to recommend lifetime income solutions

    A new 2018 TIAA Plan Sponsor Retirement Survey finds nearly half of nonprofit and corporate, for-profit employers are only somewhat confident in their employees’ retirement futures and one in five say they are not at all confident.
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  • The New Movement of Money
    The New Movement of Money

    Mobile banking mainstreams in the US, while digital payments fall short

    New research from Mintel identifies new trends in how consumers manage their money

    From checking account balances to depositing checks with the snap of a picture, mobile banking apps have passed the tipping point of mass adoption as 61% of Americans with an active deposit account use a mobile banking app. But despite widespread usage of banking apps, consumers have been comparatively slower to utilize them for payment…
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  • Dimensions, Demographics And The March Of Generations
    Dimensions, Demographics And The March Of Generations

    Insurance & Millennials: A Coming Of Age

    Millennials have been labeled lazy, entitled, and narcissistic; But as they age into later adulthood and eclipse Baby Boomers as the largest living generation, it’s time we ask: do these labels hold true?

    By 2019, Millennials will number 73 million, and will have taken over Baby Boomers as America’s largest living generation (Fry, 2018). Meanwhile, in 2016 Millennials became the largest generation in the U.S. Labor Force and will soon surpass Baby Boomers as comprising the majority of the U.S. electorate (Fry, 2018). In short, Millennials are about to take over…
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  • Mixed Results as Turkey Stumbles
    Mixed Results as Turkey Stumbles

    Still, labor and consumer prices are on the rise

    Stocks ended the week in mixed territory as trouble with Turkey's currency affected U.S. equity performance on Friday, August 10. For the week, the S&P lost 0.25%, the Dow declined 0.59%, and the NASDAQ increased 0.35%. International stocks in the MSCI EAFE stumbled, giving back 1.57%.
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  • Why Crypto-Currency Will Define How We Do Business
    Why Crypto-Currency Will Define How We Do Business

    Three reasons cryptocurrency is likely to be ‘the future of commerce’

    by Brian Sewell

    I would rather see the SEC make a methodical decision, with thoughtful guidelines, to approve a cryptocurrency ETF than a rash decision to reject one. And though the agency may not reach a final decision until next year on the proposed SolidX Bitcoin Shares ETF, I think the agency will eventually approve it.
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  • Aging In Place
    Aging In Place

    How to grow old in your own home

    When Marguerite Sullivan's spouse passed away, the 78-year-old had no interest in moving. She’s healthy, has many friends, and her 2 sons live nearby. Plus, she’s a confident driver and gets herself to doctor’s appointments and the grocery store.
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