Affluent Americans increase donations by 30% over past decade, even as fewer give Affluent Americans are giving more and giving with purpose, even as fewer are giving. The newly released 2025 Bank of America Study of Philanthropy, conducted in partnership with the Indiana University Lilly Family School of Philanthropy, found that total charitable contributions from affluent donors have surged [...]
Fort Pierce and Port St. Lucie among America’s 50 fastest-growing retirement boomtowns According to a new GOBankingRates study, the populations in 50 U.S. retirement hotspots have increased by 20% or more since 2018. To find those places, GOBankingRates sourced the latest publicly available U.S. Census Bureau data to analyze cities with at least 7,500 people ages 65-plus [...]
United Way of Indian River County offers free, online tax filing United Way of Indian River County announced the return of United Way’s free tax filing through My Free Taxes® for the new tax season. My Free Taxes lets U.S. tax filers who earned less than $84K last year file their federal and state taxes [...]
St. Lucie County among metro areas that experienced population declines during COVID are bouncing back Population growth in U.S. metro areas as a whole was faster between 2023 and 2024 than in the previous year and outpaced that of the nation. Additionally, some metro areas that experienced population declines during the COVID-19 pandemic are now observing [...]
Survey finds many American workers optimistic about their financial future - Bank of America announced findings from its 13th annual Workplace Benefits Report, "The Transforming Workplace" (PDF) The report revealed that two-thirds (67%) of employees believe the cost of living is outpacing growth in their salary or wages, compared to 58% in February 2022. Over the last [...]
Average 401(k) Balances Up Nearly 10% in 2023 Bank of America released its Q2 2023 Participant Pulse (PDF), which found average 401(k) balances increased by $7,250 (9.6%) since the end of 2022. The report also found that a growing number of 401(k) participants are initiating withdrawals from their plans. The number of participants taking hardship distributions [...]
75% of mid-sized businesses expect revenue to increase in the next 12 months despite economic challenges Despite economic challenges, 75% of mid-sized business owners expect their revenue to increase and 71% are planning to hire over the next 12 months, according to the inaugural Bank of America Mid-Sized Business Owner Report (PDF). The study is based [...]
President focuses on inflection points in the business lifecycle Susan Rabinowitz According to Susan Rabinowitz, Business Banking Market Executive and President, Bank of America Treasure Coast Market, "The Treasure Coast is home to large variety of business sectors, from manufacturing to logistics to a growing presence of industrial warehouses. Each of these businesses [...]
Survey says 76% of small businesses feel well-equipped to survive a recession The majority of U.S. small business owners (72 percent) are concerned about the impact of a potential recession; however, 76 percent are confident their business could withstand the downturn, according to the Bank of America 2023 Small Business Owner Report (PDF). The survey of [...]
IRSC hosts discussion on transportation and logistics The Indian River State College (IRSC) Eastman Advanced Workforce Training Complex will serve as the backdrop on Wednesday, April 5, for a critical discussion about improving the supply chain through new opportunities in transportation and logistics. The event features remarks from Dr. Timothy Moore, President of Indian River [...]