More than one-third (35 percent) of Americans place a higher priority on protecting, rather than growing, their retirement assets, according to a retirement survey released Thursday.
Mortgage rates set a new record low for the fourth consecutive week, after falling for seven out of the past eight weeks, according to a weekly national survey released yesterday by Bankrate.com.
In shifting housing market trends, foreclosure rates and delinquency rates for mortgage loans have fallen steadily since the beginning of the year, and industry experts predict a sharp increase in short sales for 2012.
Financial expectations are now about what they were when George W. Bush took office in January 2001, Gallup finds. The 63 percent “better off” reading compares with 60 percent in January 2004, 66 percent in March 1996 and 51 percent in March 1992, all years in which incumbent presidents were seeking re-election.
Analysts who look to SNAP, the nation’s food assistance program, as an economic indicator, will find little encouragement in the latest statistics provided by the U.S. Department of Agriculture.
Jobless claims in the week ending May 12 held steady at 370,000, unchanged from the previous week, the Labor Department announced. Analysts look for jobless claims to remain under 400,000 as a sign of meaningful jobs growth, but last week’s reading was higher than forecast,
Outgoing World Bank President Robert Zoellick likened the Greece debt situation to the collapse of Lehman Brothers in 2008, an event that roiled global financial markets, during a speech on Wednesday at the Economic Club in Washington, DC, according to CNN Money.
Zoellick expressed concern over the ripple effects Greece’s departure would have on the rest of the Eurozone, particularly Spain and Italy. Zoellick said he has called for greater capital investment in the European Investment Bank, which serves the European Union, to address potential illiquidity in European economies.
Housing starts increased in April 2.6 percent to a seasonally adjusted annual rate of 717,000 homes, the Commerce Department reported. March starts were revised from 654,000 to 699,000.
To quote the title of the bestselling novel, I don’t know how she does it. It’s simple, really, she insists, even if the process initially seems daunting. But once you, as she did, purchase a can of shaving cream for .17 cents, or actually get a dollar back from Walgreen’s for buying a card good for a new drink at Starbucks, you may find yourself in the $5 dinner business.
The generally aggressive investment strategies of young, high net worth investors reflect an upbeat attitude, tempered by concerns about personal debt and retirement, according to a Millionaire Corner study completed over the first quarter of 2012.
There will be more American travelers this Memorial Day holiday weekend, according to the American Automobile Association (AAA). But they won’t be traveling as far, and travelers’ advisory—they may be opting to stay with family and friends instead of shelling out for a hotel.
Millionaire entrepreneurs and business owners –self-described risk takers and independent thinkers - see opportunities in the current real estate market, in contrast to millionaire investors from other walks of life, according to a study completed by Millionaire Corner over the first quarter of 2012.
In a unanimous agreement, the 27 nations of the European Union agreed Tuesday to strict new rules for banks, intended to make them safer and eliminate the need for future bailouts.
The Housing Market Index – a measure of confidence among home builders – hit a five-year high in May, according to data released today by the National Association of Home Builders. The index rose five points to 29, the strongest reading since May of 2007.
About one out of every five American households owes more on credit cards, medical bills, student loans and other noncollateralized debts than they have in savings and other liquid assets, the report found. Further, 23.4 percent of families surveyed at the end of last year said they have no savings at all, up from 18.5 percent in 2009.
A mother may dream her children will become doctors or lawyers, but Millionaire Corner research shows that it’s the entrepreneurs who make the really big money.
An increasing share of high net worth business owners are worried about maintaining revenue in uncertain times, according to a Millionaire Corner study completed in the first quarter of 2012.
Owning a home is still the foundation of the American Dream, according to a Coldwell Banker survey released Tuesday. This may be akin to Major League Baseball releasing a survey that baseball is still America’s pastime, but the study attempts to explore Americans’ shifting attitudes toward home ownership in the wake of the recession.
Official figures released today by Eurostat showed that the seventeen countries comprising the Eurozone remained economically flat during the first quarter, thus avoiding a recession, according to the Associated Press. The numbers do indicate, however, that Germany’s strong export performance of 0.5 percent was primarily behind the flat number. The numbers do, however, show significant contrasts between the countries. The numbers could potentially be revised because Ireland and Slovenia have not submitted numbers. Greece is unable to submit numbers. German investors, however, have lower confidence ratings than in recent months due to the political turmoil in various European countries, such as Greece.
Fixed-rate loans accounted for more than 95 percent of refinance loans in the first quarter of 2012, according to Freddie Mac’s Quarterly Product Transition Report released Monday.
Outgoing World Bank President Robert Zoellick likened the Greece debt situation to the collapse of Lehman Brothers in 2008, an event that roiled global financial markets, during a speech on Wednesday at the Economic Club in Washington, DC, according to CNN Money.
Zoellick expressed concern over the ripple effects Greece’s departure would have on the rest of the Eurozone, particularly Spain and Italy. Zoellick said he has called for greater capital investment in the European Investment Bank, which serves the European Union, to address potential illiquidity in European economies.
