Teachable Moments Stick With Millennials, Result in Better Money Habits Saving for an Emergency Top of Mind; Long-term Saving Still Lags
Millennials’ financial views and habits have been most influenced by
their parents, but the Great Recession has also had lasting impacts on
how millennials think about money, according to a Bank of America/USA
TODAY Better Money Habits Millennial Report released today.
Eight in 10 millennials believe their attitudes toward money were
influenced “a lot” or “some” by their parents, with four in 10 saying
parents influenced them “a lot” –more...
Bank of America Corporation today announced the Board of Directors
declared a regular quarterly cash dividend on Bank of America common
stock of $0.05 per share, payable June 26 to shareholders of record as
of June 5.
The board also declared a regular quarterly cash dividend of $1.75 per
share on the 7 percent Cumulative Redeemable Preferred Stock, Series B.
The dividend is payable July 24 to shareholders of record as of July 10more...
Sense of Responsibility for Employees’ Financial Well-being Driving Companies to Broaden Financial Educational Offering and Increase Accessibility
The vast majority of companies (83 percent) today feel a sense of
responsibility for the financial wellness of their employees, impacting
the benefits, resources and financial education they offer, according to
the latest Bank of America Merrill Lynch Workplace
Benefits Report. Based on a nationwide survey of 1,020 companies of
all sizes, key insights from the annual report include:
Nearly three-quarters of plan sponsorsmore...