Issues & Innovations

  • Homeownership Goals Shape How Americans Live, Work and Save
    Homeownership Goals Shape How Americans Live, Work and Save

    Most non-homeowners are willing to make trade-offs, smart financial choices to help them afford a home

    According to a new Wells Fargo survey, Americans are willing to do what it takes to make their homeownership goals a reality — such as taking on a side job, cutting expenses or considering a less-expensive location. The Wells Fargo 2019 “How America Views Homeownership” survey was conducted by The Harris Poll April 17–29, 2019,…
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  • Financial Prosperity Eludes Many Americans Despite Growing Economy and Declining Unemployment
    Financial Prosperity Eludes Many Americans Despite Growing Economy and Declining Unemployment

    National comprehensive survey of financial capability finds younger Americans, those with lower incomes, African-Americans and those without a college degree facing toughest financial struggles

    As the gap between the Haves and the Have-nots continues to widen, cash-strapped Americans are failing to save money, struggling with student loan debt and facing decreasing financial literacy, despite economic growth and declining unemployment over the past 10 years, according to new research from the FINRA Investor Education Foundation (FINRA Foundation).
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  • Embracing The Interplay Between Health & Financial Wellness Benefits
    Embracing The Interplay Between Health & Financial Wellness Benefits

    Employee programs that combine lifestyle and financial wellness benefits may yield healthier, less-stressed workers

    Employers who provide traditional health and wellness offerings alongside financial wellness benefits are likely to reap the benefits of a healthier workforce. Research unveiled by Prudential Financial, Inc. (NYSE: PRU) at the Aspen Ideas: Health festival suggests a connection between the use by employees of both benefit types and improved physical and mental health, based…
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  • Many Parents Fail to Prepare Their Children for the Financial Realities of Independent Living…
    Many Parents Fail to Prepare Their Children for the Financial Realities of Independent Living…

    ... Nor do they provide a financial education and instill negative behaviors

    Parents play an important role in preparing their children toward self-sufficiency and helping them establish a firm financial foundation. The latest National Financial Educators Council's surveys demonstrate that most parents haven't taught their children enough about money, don't help them establish the financial systems they need, and often mold negative financial behaviors.
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  • Economic Optimism Weakens Just One Month After Hitting 15-Year High
    Economic Optimism Weakens Just One Month After Hitting 15-Year High

    All components on the Presidential Leadership Index and National Outlook Index fall

    The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, fell 9.2 percent overall in June as every component on the index slid. Its 53.2 reading, which dropped from 58.6 last month, remains in positive territory however, continuing its record run of 33 consecutive months above 50.
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  • LIMRA and LOMA Launch Best Interest Training Programs
    LIMRA and LOMA Launch Best Interest Training Programs

    For Industry Professionals to Comply with the Amended NY State Reg. 187

    LIMRA and LOMA today introduced a comprehensive training program to help sales professionals and home office employees understand and comply with New York State Regulation 187, which goes into effect on Aug. 1, 2019.
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  • How Financially Healthy Are Our States?
    How Financially Healthy Are Our States?

    A retrospective on the past decade, framed by the great recession, and the outlook ahead for state credit quality

    Leading global investment management firm Conning today released its latest edition of the company’s State of the States municipal credit research report, which maintains a stable state credit outlook for 2019. The report uses 13 credit indicators to compare state credit quality and assign a ranking, with #1 being the highest and #50 being the…
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  • Empower Retirement lauds House approval of the SECURE Act of 2019
    Empower Retirement lauds House approval of the SECURE Act of 2019

    U.S. House of Representatives sends a strong message that retirement policy for working Americans is a top priority

    Today the U.S. House of Representatives sent a message with its approval of a bill that reforms retirement policy affecting working Americans. “It’s exciting that retirement policy has garnered bipartisan support from Reps. Richard Neal, D-Mass., chairman of the Ways & Means Committee, and Kevin Brady, R-Texas, the committee’s ranking member, who understand the importance of…
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  • Economic Burden Of Chronic Disease In The US To Remain Unparalleled
    Economic Burden Of Chronic Disease In The US To Remain Unparalleled

    Financial burdens ultimately borne by society as a whole, while individuals will be disproportionately impacted

    Aggregate annual costs of the leading chronic medical conditions – diabetes, cardiovascular disease, arthritis, Alzheimer’s disease, obesity, and cancer – in the US exceed $1 trillion dollars. These expenses primarily stem from hospital care, physician visits, pharmaceuticals, medical devices, and home care. This considerable financial burden is ultimately borne by society as a whole, but…
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  • How the 2018 Tax Reform Bill Impacts Small Business
    How the 2018 Tax Reform Bill Impacts Small Business

    How the Tax Cuts and Jobs Act is impacting business and individuals where it counts... on the bottom line

    As a small business owner, you've likely always struggled to minimize your taxes and stay profitable. Now at last, there's some good news! When the Tax Cuts and Jobs Act federal income tax bill took effect in 2018, it produced many changes that reduced and positively impacted small business taxes.
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  • AM Best: Foreign Investment in China’s Life Sector Set to Rise
    AM Best: Foreign Investment in China’s Life Sector Set to Rise

    China’s life insurance sector poses many opportunities for foreign capital

    In this episode of AM BestTV, James Chan, senior financial analyst, AM Best, said China's move to raise limits on foreign ownership of insurance companies will benefit the country's insurance industry and that China's life insurance sector is poised to see expanded foreign investment. Click on http://www.ambest.com/v.asp?v=china419 to view the entire program
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  • NAFA Issues Support for Bold, Bipartisan Retirement Legislation
    NAFA Issues Support for Bold, Bipartisan Retirement Legislation

    In response to the 'Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019'

    On Friday, Mar. 29, a bipartisan group of lawmakers from the House Ways & Means Committee introduced the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019.
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  • How Is ‘Market Concentration’ Affecting the US Economy?
    How Is ‘Market Concentration’ Affecting the US Economy?

    Barclays’ Impact Series provides deeper insights into the relationship between concentration and market power.

    Barclays today released a new Impact Series study, entitled Increased corporate concentration and the influence of market power, which analyzes whether decreased competition is threatening the US economy or whether competitive pressures remain sufficiently strong to benefit industries, investors and consumers.
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