Silent Generation

New Survey: 49% of Consumers Optimistic About Their Financial Futures

Retrieved on: 
Monday, March 20, 2023
Finance, Banking, Professional Services, Other Professional Services, Small Business, Learning, Optimism, Food, Generation Z, Silent Generation, Gen, Education, Culture, Generation, St. Louis Fed Financial Stress Index, Generator, Credit, Knowledge, Food security, Online shopping, Cryptocurrency, Millennials, Affinity

The survey, which was completed in Dec. 2022, addressed key financial wellbeing concerns impacting consumers, including addressing mounting inflation concerns on everyday spending and budgeting and access to financial education and resources.

Key Points: 
  • The survey, which was completed in Dec. 2022, addressed key financial wellbeing concerns impacting consumers, including addressing mounting inflation concerns on everyday spending and budgeting and access to financial education and resources.
  • Forty-nine percent of respondents indicated they are optimistic about their financial futures, with Generation Z reporting the highest levels of optimism (59%).
  • Forty-two percent of respondents were not aware of financial education services or content available through their primary financial institution.
  • “However, we see financial concerns, including inflation and food security, continue to drive stress among younger people and negatively impact their financial wellbeing.

ResMed’s Annual Global Sleep Survey Finds 8 in 10 Adults Experience Signs of Disruption Related to Their Quality of Sleep

Retrieved on: 
Monday, March 13, 2023
Woman, Diabetes, Self-assessment, Sleep disorder, Pit additive, United Kingdom, Gen, NYSE, Somnolence, ASX, Spotify, Apple, National Sleep Foundation, Risk, Obesity, Mixed anxiety–depressive disorder, Health, RMD, Xerostomia, Silent Generation, Generation Z, Depression, Generator, Patient, Irritability, Sleep, Mental health, Sleep apnea, Consumer Technology Association, SAN, ResMed, Generation X, Sore throat, Pharmaceutical industry, Nursing, Tobacco, Millennials, Baby boomers

8 in 10 respondents reported one or more symptoms of sleep disruption related to sleep quality; Mexico (87%), France (87%), and South Korea (85%) had the highest rates of reported symptoms, while Japan (60%) had the lowest.

Key Points: 
  • 8 in 10 respondents reported one or more symptoms of sleep disruption related to sleep quality; Mexico (87%), France (87%), and South Korea (85%) had the highest rates of reported symptoms, while Japan (60%) had the lowest.
  • 60% of women report being satisfied with their quantity of sleep (the least of any gender), compared to 68% of men and 65% of nonbinary respondents.
  • Additionally, 49% of respondents said their doctor has never asked them proactively about their sleep quality.
  • To learn more about ResMed’s 2023 Global Sleep Survey or to take a quick self-assessment for your risk of sleep apnea, visit SleepForBetterTomorrow.com .

MassMutual Consumer Spending & Saving Index: Is Optimism Replacing Fear as Americans Navigate Today’s Economy?

Retrieved on: 
Tuesday, March 7, 2023
Professional Services, Insurance, Finance, Optimism, Retirement, Generation Z, PSB Insights, Research, Consumer, MassMutual, COVID-19, Gen, Silent Generation, Generator, Cryptocurrency, Drug, Online shopping, Video game, Tobacco, Millennials, Generation X

More than half of Americans are still delaying purchases due to inflation; however, this is less than last quarter (55% vs. 59%).

Key Points: 
  • More than half of Americans are still delaying purchases due to inflation; however, this is less than last quarter (55% vs. 59%).
  • Consumers who have already taken steps to save and invest wisely may be best positioned.”
    Other key findings of the MassMutual Consumer Spending & Saving Index include:
    Americans are more optimistic about the U.S. economy.
  • This sentiment is driven by Gen X and Baby Boomers, who are considerably more optimistic than they were last quarter.
  • The MassMutual Consumer Spending & Saving Index tracks financial outlooks and behaviors in a changing economic environment.

Redfin Reports U.S. Homeowners Have Lost $2.3 Trillion in Value Since June Peak

Retrieved on: 
Wednesday, February 22, 2023
Technology, Residential Building & Real Estate, Software, Construction & Property, Building Systems, REIT, Drought, Millennials, Climate change, Coronavirus, News, Housing, Asian Americans, Retirement, Fire, Hope, Growth, City, Sale, Baby boomers, Silent Generation, Federal, Pew Research Center, Cryptocurrency, Real estate, Agriculture, Redfin, San Francisco Bay Area

The housing market has been shedding value because homebuyer demand has waned, which has also caused home prices to fall from their peak.

Key Points: 
  • The housing market has been shedding value because homebuyer demand has waned, which has also caused home prices to fall from their peak.
  • “The housing market has shed some of its value, but most homeowners will still reap big rewards from the pandemic housing boom,” said Redfin Economics Research Lead Chen Zhao.
  • Generation X saw the second largest increase (+18.4% to $13.9 trillion), followed by Baby Boomers (+12.9% to $18.1 trillion).
  • The total value of homes in neighborhoods that are majority Asian fell 0.7% year over year to $1.2 trillion in December.

Affirm Reveals 2022 Black Friday and Cyber Monday Consumer Spending Trends

Retrieved on: 
Tuesday, December 6, 2022
Online, Millennials, Silent Generation, Electronics, Generation Z, SAN, Fear, Travel, Expedia, Gen, Tablet, Black Friday, Pressure, Trust, Boomer, University of California finances, Growth, Cyber Monday, Social media, Yoga, Amazon, Online shopping, Consumer electronics, Affirmation, Priceline, Generation X, Walmart

SAN FRANCISCO, Dec. 06, 2022 (GLOBE NEWSWIRE) -- New data from Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, revealed consumer spending behaviors and trending categories from the 2022 Black Friday and Cyber Monday long weekend.

Key Points: 
  • SAN FRANCISCO, Dec. 06, 2022 (GLOBE NEWSWIRE) -- New data from Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, revealed consumer spending behaviors and trending categories from the 2022 Black Friday and Cyber Monday long weekend.
  • “As people continued to navigate inflation, this Black Friday and Cyber Monday weekend was about more than checking gifts off the shopping list.
  • Expedia and Priceline) were the next most popular category for Cyber Monday, compared to home appliances on Black Friday.
  • Results are based on data collected between November 22, 2022 at 0:00 PST to November 28, 2022 at 23:59 PST.

Canadian Consumer Credit Market Driven by Strong Credit Activity

Retrieved on: 
Tuesday, November 29, 2022
Generation, Environment, Risk, TransUnion Canada, Silent Generation, CII, Generation Z, Growth, TransUnion, Yoy, Health, Research, General of the branch, Gen, Bank, Millennials, Q3

TORONTO, Nov. 29, 2022 (GLOBE NEWSWIRE) -- TransUnion today released the findings of its Canada Q3 2022 Credit Industry Insights Report (CIIR) , which shows that more Canadian consumers are utilizing credit.

Key Points: 
  • TORONTO, Nov. 29, 2022 (GLOBE NEWSWIRE) -- TransUnion today released the findings of its Canada Q3 2022 Credit Industry Insights Report (CIIR) , which shows that more Canadian consumers are utilizing credit.
  • Credit participation reached a new record high, with 27.9 million Canadians having active credit products with a total outstanding balance of $2.29 trillion.
  • Rising CII levels generally indicate an improvement in the overall activity and health of the consumer credit market, which in the most recent quarter was primarily propelled by the strong credit activity due to balance growth and continued higher spend levels, said Matt Fabian, director of financial services research and consulting at TransUnion in Canada.
  • Overall, non-mortgage debt increased by 2.0% YoY, driven by increased credit card and line of credit balances.

Insured American's Lifetime Healthcare Expenses May Top $700K, According to New Synchrony Research

Retrieved on: 
Monday, November 14, 2022
Adult, Generation Z, Isa, Health, Telecommunication, Digital, PETS, Gen, Awareness, Silent Generation, General of the branch, Degenerative disease, Alternative medicine, Wellness, Cancer, Insurance, NYSE, Patient, Boomer, Diabetes, Associate, One-and-a-half-stripe hap, Synchrony Financial, Solution, Health insurance, Hospital, Generation X, Synchrony, Millennials

STAMFORD, Conn., Nov. 14, 2022 /PRNewswire/ -- An insured American with an employer-sponsored health insurance plan can expect to spend more than $320,000 (including insurance premiums and out-of-pocket costs) during his/her adult lifetime, according to new consumer research from Synchrony (NYSE: SYF), a premier consumer financial services company. This number may be more than double — topping $700,000 — for Americans who purchase their own insurance (without employer or government subsidies) or for those who suffer from chronic illnesses such as diabetes, heart disease or cancer.

Key Points: 
  • As a leader in patient financing, we believe it is important to build awareness among consumers of the cost of healthcare over a lifetime."
  • Additionally, the Synchrony Lifetime of Healthcare Costs study suggests many people significantly underestimate their annual healthcare expenditures and do not save for future healthcare costs, leading many to delay recommended medical procedures, often to the detriment of their health.
  • Extrapolated during an adult lifetime, this could mean an estimated $320,000 in individual healthcare costs between the ages of 18 and 79.
  • The Lifetime of Healthcare Costs study was performed by ASQ360 Market Research/Stephens & Associates on behalf of Synchrony.

Generational Silver Jewelry Purchases Examined in New Report

Retrieved on: 
Thursday, November 10, 2022
GLOBE, Review, Silver, Generation Z, Millennials, Beauty, Jewellery, Gen, Family, Baby boomers, Decision-making, Friends, General of the branch, Silent Generation, COVID-19, Palladium

From the wealthy Silent Generation to the Gen Z consumer, every generation has a unique approach to silver jewelry purchases.

Key Points: 
  • From the wealthy Silent Generation to the Gen Z consumer, every generation has a unique approach to silver jewelry purchases.
  • A new Silver Institute Market Trend Report, Trends in Silver Jewelry Purchases, explores the key drivers in jewelry purchase decision making and the characteristics of the silver jewelry consumer and examines silver jewelry purchases among various key demographics.
  • The report takes a deep dive into Millennials and their jewelry spending habits and what motivates them to buy silver jewelry.
  • The report also reviews silver jewelry trends and silvers status versus gold jewelry purchases and concludes with a review of silver jewelry demand post COVID-19.

MassMutual Consumer Spending & Saving Index: Inflation and Recession Fears Have Americans Looking for Change

Retrieved on: 
Thursday, November 3, 2022
Finance, Other Consumer, Consumer, Professional Services, Insurance, Face, MassMutual, Research, PSB, PSB Insights, Gen, General of the branch, Adult, Uncertainty, Sentimentality, Optimism, Silent Generation, Weather, Consumer spending, Travel, News, Retail, Risk management, Health insurance, Tourism, Video game, Millennials, Finance, Other Consumer, Consumer, Professional Services, Insurance

Americans are heading into this holiday season increasingly stressed and less optimistic about the economy, according to the latest Consumer Spending & Saving Index from Massachusetts Mutual Life Insurance Company ( MassMutual ).

Key Points: 
  • Americans are heading into this holiday season increasingly stressed and less optimistic about the economy, according to the latest Consumer Spending & Saving Index from Massachusetts Mutual Life Insurance Company ( MassMutual ).
  • The financial impacts of inflation and the increasing concern about a recession are continuing to put pressure on Americans financing, impacting their optimism and leading them to seek change.
  • Notable findings from the survey include:
    The stress of inflation is increasing, with more Americans changing their spending habits in the face of a worsening economy.
  • The MassMutual Consumer Spending & Saving Index tracks financial outlooks and behaviors in a changing economic environment.

As Self-Checkout Lanes Multiply at Retail Locations Across the Country, Catalina Study Assesses Impact on Shopper Behavior & Sales

Retrieved on: 
Thursday, November 3, 2022
Growth, Baby boomers, Threat Intelligence Platform, Behavior, Marketing, Industry, CPG, Kroger, UPC, SCO, Automation, CNN, Radio, Silent Generation, Create, MCO, Australian Space Agency, General of the branch, Privacy, Multimedia, IDS, Online shopping, Oil, Retail

Catalina initiated its study -- which assessed data from 4.5 billion UPC-level transactions by 245 million consumers accounting for $222 billion in sales in the U.S. in 2021 -- as more retailers make sweeping shifts from manual to SCO lanes to offset shrinking margins from inflation, respond to social distancing protocols triggered by the pandemic, and take advantage of automation technology.

Key Points: 
  • Retailers need to think carefully about the balance of how shoppers use Self Checkout & Manual lanes to maximize sales.
  • For this SCO study, Catalina segmented shopper IDs into three segments: SCO-only, manned checkout-only (MCO), and a hybrid of SCO and manned lanes.
  • Catalina rounded out its SCO study by offering advice to retailers planning their long-term automation strategy for checkout lanes.
  • Catalina is a leader in shopper intelligence and highly targeted in-store, TV, radio, podcast and digital media that personalizes the shopper journey.