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Stock impact report

Stream Now, Save Later: Budgeters Choose TV Over Retirement Savings [Yahoo! Finance]

First Merchants Corporation (FRME) 
Last first merchants corporation earnings: 4/23 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
TV streaming services are taking precedence over retirement investments for budgeters, with 47% of people listing streaming as a top spending priority, while only 26% prioritize adding to retirement savings. Streaming services are increasing in popularity in the US, with a 2024 report finding that the average American spends each month on TV streaming, an increase from in 2023. First Merchants Bank found millennials to be the most likely to prioritize TV streaming, with 49% listing it as a key factor in their regular budgeting, closely followed by 47% of Gen X. Because of ongoing inflation and a high cost of living, many feel they need to choose between spending their money on daily enjoyment or future investments. The immediate reward offered by streaming services appears to be more important than long-term savings, with just 21% of Millennials and 27% of Gen X prioritizing saving for their retirement. The survey also found that on average, 58% of adults were overspending mont Show less Read more
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