Americans 75 and older are the most likely to express positivity about their current finances, the amount of money they have, their standard of living, having more than enough money to do what they want and buy what they need. They are also the most likely to say they do not worry that they spent too much the day before.
Rising U.S. health care costs - outpacing general inflation - are due to increased prices, not utilization, according to a report released today by the recently formed non- profit Health Care Cost Institute.
Financial funds took a beating last week, as redemptions hit a three-year high of $910.7 million on rising concerns over the Greek debt crisis, according to the latest report from EPFR Global, which provides fund flows and asset allocation data to financial institutions around the world. Huge trading losses at JP Morgan and uncertainty in the Spanish banking sector also influenced the redemptions.
For starters, unlike pundits and authors who have become well-known financial gurus, Edelman is an active financial planner. “That sets me apart from everyone else on the air,” he told Millionaire Corner.
Doctors, dentists, lawyers and accountants invest heavily in their educations, and the strategy has paid off for the many millionaire professionals who say education is a key factor in building wealth, according to a study conducted by Millionaire Corner in the first quarter of 2012.
On Sunday, Robert Greifeld, chief executive of Nasdaq OMX Group, Inc., acknowledged that technology issues impacted the Facebook IPO, according to the Wall Street Journal. The IPO was beset by a 30 minute delay on Friday morning and technical glitches throughout the day caused many large institutional and hedge fund buyers to bail out of the stock. Professional traders indicated that there were two hour delays to hear whether an order had been honored. This was the second technical challenge experienced with an IPO for a major exchange in the last two months. While Facebook shares remained flat on Friday, the Nasdaq fell 34 points to 2778. The Dow fell 73 points, closing at 12,369. European markets are up on Monday and Asian markets were mostly up.
Leisure travel is expected to increase this summer, but Americans remain conscious of costs, according to industry surveys that show the vast majority of Americans plan to take some sort of vacation this summer.
And it’s not too late, employers told CareerBuilder. While 42 percent said they typically complete their summer hiring by April, 38 percent are still hiring in May, and 19 percent said they will hire in June and beyond.
When it comes to getting parental assistance for college, better to be Friday’s child (loving and giving) than Wednesday’s (full of woe). According to a new University of Michigan study, if parents reported that their children at age 12 and under “were cheerful, self-reliant and got along well with others, the parents were more likely to give them financial gifts or loans when they were young adults.”
Young investors are much more eager to jump into the real estate market, according to new Millionaire Corner research that indicates older investors remain cautious due to substantial losses suffered during the housing crisis.
Facebook’s stock has begun trading on the Nasdaq stock market. The social network raised $16 billion in its initial public offering that valued the company at $104 billion as reported by the Associated Press.
With 10,000 baby boomers turning 65 daily for the next 18 years, retirement planning is becoming a greater priority for financial advisors, according to a new LIMRA survey of 1.042 advisors.
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.
For starters, unlike pundits and authors who have become well-known financial gurus, Edelman is an active financial planner. “That sets me apart from everyone else on the air,” he told Millionaire Corner.
