PRI Dec 2024 340.000 call
- Yahoo Finance Video
Middle-income families feel 'high level of stress' about savings
Two-thirds of American middle-income families feel they are falling behind the rising costs of living in the US, according to data from Primerica. Though a tick down from last year's sentiment of 71%, this is still a worrying figure as more Americans are dealing with price pressures tied to housing costs and food prices. Primerica (PRI) CEO Glenn Williams talks more about the data with Brad Smith, stating "we also detect a high level of stress financially from these families" as US consumers reprioritize their spending. "As we sit down with families, clearly they know they need to be saving for the future, particularly for retirement. They need to make sure debt doesn't get out of control. But we see them in action. We sit down with them and first analyze where they are today. And that's where it exposes that. What sometimes they think is happening is not exactly what's happening. They're spending more than they think. They're using credit more, they're saving less, or the amount that they're saving is not going to get them where they want to go in time," Williams elaborates. "And then as families get started, they get a little momentum. And then they find out it's easier to take the next step and the next step. We find out that, Brad, it's not usually the information, it's the personal application of the information to their specific circumstances that confuse families. And then it's the motivation to act and continue to act that families need." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Mortgage rates rise, hot jobs data, retirement savings: Wealth!
Today on Wealth!, host Brad Smith tackles the top trends in the housing market, job market, and retirement saving strategies. The show kicks off with a recap of the June jobs report, which revealed an addition of 206,000 nonfarm payroll jobs to the US economy. Yahoo Finance reporter Ines Ferré joins to dissect wage growth data and its implications for ongoing inflation trends. Following this, ZipRecruiter's chief economist Julia Pollak offers insights into the sectors currently attracting the most job interest. Shifting gears, the program addresses the recent uptick in mortgage rates, marking the first increase since the week of May 30. National Association of Realtors (NAR) deputy chief economist and vice president of research Jessica Lautz weighs in on the potential ramifications for the housing market's future. The show concludes with an encouraging note on retirement savings. A new Vanguard report indicates a healthier outlook for Americans, with average balances in retirement accounts surging by 19% compared to 2022 activity. Yahoo Finance contributor Kerry Hannon unpacks the report's findings. This post was written by Angel Smith
- Zacks
Primerica (PRI) Stock Rises 15% YTD: Will the Rally Last?
Primerica (PRI) is set to grow on a compelling portfolio, strong market presence and a solid capital position.
