Neighborhood Allies’ Post

Download the latest Main Street Report for deep insight into the overall financial well-being of the #SmallBusiness landscape and learn what specific trends mean for credit grantors and the small-business community.

🚨🕒 Attention Fairbanks Businesses! 🕒🚨 Time's running out to share your insights on how housing impacts our workforce! 🏠💼 ⏳ Take the survey TODAY! 👉🔗 https://lnkd.in/gzDnxfKz or scan the QR code below! 📲 Let's make every second count in cracking the housing-employment code! 💪💼 #FairbanksFeedback #WorkforceInsights #ActFast 🏠💼

Love it when you get a confirmation of your data. After Plinqit published the 2024 State of Savings consumer research study on Americans' savings habits, YouGov published a report derived from 400K surveys. They found that Gen Z believes that building generational wealth is "much more possible than it used to be" (55% vs. 37% of the general population). Yet Gen Z is the top generation to say, "Financial matters confuse me" (62% vs. 42% gen pop), and they're the LEAST likely to cut back on spending in order to save their money. That confusion of Gen Z is echoed in Plinqit's research, which showed that Gen Z is targeting debt paydown or payoff (43% vs. 41% average of the total U.S. adults surveyed), but they are ALSO focused on building an emergency fund (35% vs. 36% average of total surveyed). Those are contradictory goals! Banks and credit unions, you are well positioned to help younger generations make sense of their money with financial wellness education. Now is a great time to redouble your efforts on financial literacy. (And Plinqit can help!) Read our full report at https://lnkd.in/gdeABPvf.

Among the results of our latest #OpinionPoll of members of Indigenous and Native communities, we observed a strong relationship between self-reported household income and negative feelings about one’s financial situation. Even among those who said they experienced bias, respondents making less than $30,000 were 29% more likely to report negative feelings about their finances than those making over $100,000. Learn more: https://bit.ly/48Ttmqf

12 Worst States for Financial Stability

According to McKnight's Senior Living, AARP report indicates, Older adults are at elevated risk of financial exploitation. Older adults’ risk of being financially exploited underscores the need for tools to help them and their caregivers keep their money safe, according to a new report published by AARP. Read the whole article... Older adults at elevated risk of financial exploitation, AARP report indicates - McKnight's Senior Living (mcknightsseniorliving.com) #olderadultfinancialexplotaion #banksafe

As Americans navigate the complex financial landscape of 2024, a mix of economic challenges and opportunities shapes the state of their wallets. #PersonalFinance #EconomicTrends #FinancialWellbeing https://lnkd.in/gjY94EJD

To weather the storm of mounting financial pressures, it is more important than ever that boards and management teams have a firm grip on their strengths and weaknesses, says Jonathan Walters, deputy chief executive of the Regulator of Social Housing. https://lnkd.in/e-KwyMNP #UKhousing #HousingFinance #HousingAssociations #SocialHousing

Older adults, regardless of their income, are often targeted by scammers who believe they have money to spare. These financial scams can be devastating and leave older adults in a vulnerable position with little chance of recovering their losses. Sign up for our webinar on April 18th from 10:00 am - 11:00 am here to learn more: https://hubs.lu/Q02sSmFX0

The analysis from our recent #IndigenousCommunities #OpinionPoll yields strong evidence of a relationship between experiencing financial bias and self-reported quality of life for respondents. Those who have experienced bias are 33% more likely to report a financial life that is worse than they expected, compared to those with no experience of bias. More on the results of this polling: https://bit.ly/48Ttmqf #FinancialEducation #FinancialLiteracy #FinancialWellBeing