Top news articles for financial advisors and personal finance
Week of 6/20
This week's recap focuses on populations underserved by financial advisors such as Gen Z, women and LGBTQ Americans, and the status of the housing market today. We’ve even added a podcast to the list this week!
Generation Z Is Getting A Harsh Lesson In Stock Risk (Allison Schrager, Financial Advisor)
More Americans than ever own stock. During the same time, portfolios got riskier and stock exposure levels increased. Read more about how financial advisors may be able to help mitigate this risk and capture this broader segment of Americans who are now interested in the stock market.
Want More Women Clients? Stop Telling, Start Asking (Tracey Longo, Financial Advisor)
Women represent an underserved market as they have increased their earnings and live longer. These factors also affect how advisors should plan for women’s retirement. Read more to learn about how both male and female advisors can better serve women.
LGBTQ Americans are Less Prepared for and Confident About Retirement (Nathan Place, Financial Planning)
LGBTQ Americans saved less, had more debt and were less likely to have a financial advisor, likely resulting from the decades of discrimnation that they have faced. Read more to learn more about the differences between LGBTQ Americans compared to the heterosexual peers and the ways in which advisors may be able to help and address this market.
America Faces a Housing Bust (Justin Lahart, The Wall Street Journal)
Today, not only are interest rates close to 6%, but the median home price has also increased to $407,600 in May. Read more about the trends we're seeing today and how these trends are affecting sellers, buyers and businesses.
Why Is It So Hard to Buy a House in America Right Now? (The Daily, The New York Times)
With real estate prices skyrocketing and competition at record highs, it is a struggle for Americans to buy homes. Individuals are making multiple jaw dropping offers on homes with the hopes that one of their offers will be accepted. Listen to follow the story of a couple that struggles to buy a home in this competitive market.
