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Banking Customers’ Biggest Financial Concern is Retirement

While home loans and car loans may be in front of mind for some regional banks, their customers seem to have a bigger concern.

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  • Written by  Banking Exchange staff
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Banking Customers’ Biggest Financial Concern is Retirement released a survey that found that Americans’ greatest financial concern is actually having enough to retire. 18% of the population worry most about retirement, with 25% of those between the ages of 54 and 63 years of age being the ones that are the most worried. But perhaps the most surprising result of the survey is the percentage of those worried were steady across the board with even 20% of Millennials surveyed stating they worry about retirement. While regional banks seek to provide great service with loans and credit card service, focusing on solutions for their customers’ biggest concern, saving for retirement, can provide great opportunities for customer loyalty.

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Webinar: Real-Time Payments in the U.S. Market

Time/Date: June 16, 2021 2:00 p.m. ET

The U.S. has come a long way in its journey to real-time payments, with TCH and Zelle in market and FedNow just around the corner. COVID-19 has accelerated that demand to move to real-time. Yet many financial institutions remain unconvinced of the need to move, with less than 3% of financial institutions signed up today.

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