Michigan Department of Labor and Economic Opportunity (LEO)’s Post

The housing market landscape is evolving! A recent study by Redfin shows a widening gap between baby boomer and millennial ownership of large homes. Find out more about this intriguing trend and its implications for the real estate market. 📈 #RealEstateTrends #BabyBoomersVsMillennials #HousingMarket #HeritageAbstract #TitleInsurance #Insurance

The winds of change are blowing across the #LifeInsurance landscape 🍃🍂 Discover key regional trends and insights from our #insurance leads at #NTTDATA EMEAL. 📈 Here's a guide to how shifting demographics, #AI, and evolving customer demands will reshape the sector. 🤔 Get the full report, following the link below. 👇

A study exploring the resilience levels of Singaporeans has unveiled disparities based on age and marital status. Shannen Fong, Vice President and Head of Strategic Communications and Sustainability at Income Insurance Limited discusses more about this in this video. https://bit.ly/3SBVz03

A chart or infographic can give whatever message you want it to, but when three sources of information show a similar story it's something business owners should reflect on carefully. More businesses are failing (and not just in traditionally higher risk sectors), and savings for the demographics looking to start families and get on the property ladder at a time of high interest rates are no longer stagnating but going backwards. Coupled with data from the major credit bureaus that financial hardship is on the rise, protecting your business is key. https://lnkd.in/gwQYmJkg

In the grand spectrum of wealth distribution in America, the significance of home equity varies starkly between high net worth individuals and the middle class. While both demographics attach considerable importance to their property holdings, the impact of climate change unravels a distinct contrast in how these groups perceive, protect, and endure the consequences of environmental shifts. #weathmanagement #financialmanagement #highnetworth #america #homeequity https://lnkd.in/eNsJDJcw

U.S. Census Bureau: 10 #States with Highest Rates of #Uninsured in 2022 1. Texas: 18.8% 2. Oklahoma: 14.3% 3. Wyoming: 14.1% 4. Florida: 13.9% 5. Georgia: 13.6% 6. Alaska: 13.3% 7. Nevada: 13.2% 8. Mississippi: 13.1% 9. Arizona: 12.1% 10. North Carolina: 11.2% Source: U.S. Census Bureau, Small Area Health Insurance Estimates (SAHIE)

If you want to follow the money this is where the American big earners are moving! Americans earning 200K+ are flocking to these states. 1. Florida Net inflow of high-earning households: 29,771 Average adjusted gross income for high-earning households moving in: $907,013 2. Texas Net inflow of high-earning households: 8,260 Average adjusted gross income for high-earning households moving in:  $579,207 3. North Carolina Net inflow of high-earning households: 5,792 Average adjusted gross income for high-earning households moving in: $456,384 4. South Carolina Net inflow of high-earning households: 5,270 Average adjusted gross income for high-earning households moving in: $501,205 5. Arizona Net inflow of high-earning households: 4,365 Average adjusted gross income for high-earning households moving in: $561,112 6. Tennessee Net inflow of high-earning households: 4,320 Average adjusted gross income for high-earning households moving in: $586,256 7. Nevada Net inflow of high-earning households: 2,589 Average adjusted gross income for high-earning households moving in: $845,035 8. Idaho Net inflow of high-earning households:  2,113 Average adjusted gross income for high-earning households moving in: $494,497 9. Colorado Net inflow of high-earning households: 1,403 Average adjusted gross income for high-earning households moving in: $590,626 10. New Hampshire Net inflow of high-earning households: 1,104 Average adjusted gross income for high-earning households moving in: $619,679 *This is from a post on cnbc.com

Agree or disagree with this article? There is always risk when opening a business. But data can help you make your decisions. When exploring franchise opportunities, the franchisor should be able to validate the demographics for success. If you'd like to learn more, PM me to set up your free consultation. #bettercallpaul https://lnkd.in/g7s9rktA

The average American scoring just 48% on a financial literacy test demonstrates a consistent lack of financial understanding across demographics. Women scored 10 points lower than men and Gen Z performed the worst, with only 37% of questions answered correctly. When it comes to improving overall financial knowledge, personalized financial wellbeing programs are the most effective way to do it.

CourtTrax Corporation reporting on the top 10 counties seeing growth in the U.S. #titleindustry #titleinsurance #domesticmigration #useconomy. See where you can capitalize on targeting the largest value adding locations in the U.S. for our #landtitle connections!