WASHINGTON, Dec. 3, 2020 /PRNewswire/ — A new survey released today by Certified Financial Planner Board of Standards, Inc. (CFP Board) in collaboration with research-led consulting firm Heart + Mind Strategies LLC found that more than half of Americans (54%) are experiencing high or very high levels of stress.
The survey of 1,000 Americans, age 18+ in early November 2020, found that the top financial concern is the cost of healthcare (41%). Other top financial concerns include unemployment or reduced income (32%), protecting assets (31%) and managing debt (30%).
“The uncertainty and volatility of this past year have strained Americans physically, mentally, emotionally and financially,” said CFP Board CEO Kevin R. Keller, CAE. “Given the impact of the COVID-19 pandemic across the country and the recent surge in cases, it is understandable that Americans are most concerned with the cost of their healthcare.”
Additionally, Americans are more concerned about their personal economic situations than before. In early March 2020, 25% of respondents said their personal economic situations were worse than four years ago. While in November 2020, 34% of respondents said their personal economic situations were worse than four years ago; a percentage increase of 9 percentage points.
The Divide Between Older and Younger Generations
There are distinct differences between generations when it comes to stress levels and top financial concerns.
Younger respondents tend to experience higher levels of stress, with Gen Z (60%) and Millennials (64%) reporting high or very high levels of stress. Their older counterparts are also stressed but tend to be less stressed than their younger counterparts, with 46% of Baby Boomers and 28% of the Silent generation reporting high levels of worry.
Older respondents indicated they are more concerned about the cost of their healthcare, with 46% of Baby Boomers and 50% of the Silent generation responding that it is a top financial concern. This is likely due to that group of individuals being especially vulnerable to the effects of the pandemic combined with their heavy reliance on Medicare. Millennials are most concerned about unemployment or reduced income (40%) whereas the Silent generation is most concerned about protecting assets (59%).
Americans Would Benefit from the Guidance of a Financial Planner
Despite high levels of stress and several competing concerns, three in four Americans surveyed (73%) do not work with a financial planner. Those most likely to work with a financial planner include those with an income of $100K or more (43%) or $200K or more (54%) and individuals with a bachelor's degree (38%) or college graduate/post graduate degree (40%). Additionally, those who are married are more likely to work with a financial planner than those who are divorced (32% vs. 17%).
Respondents who work with a financial professional experience similar levels of day-to-day stress, with 53% reporting high levels of anxiety. However, those who work with a financial planner are less concerned about the cost of healthcare than those who do not (36% vs. 43%) and much less concerned about unemployment or reduced income (22% vs. 36%). Additionally, those working with a financial planner are less concerned about managing debt (18% vs. 35%) and making rent or mortgage payments (13% vs. 32%) than those who do not have a financial planner.
“A financial planner can help lessen Americans' financial concerns by addressing important topics such as reduced income, managing debt, or paying bills within the context of their financial plans. Working with a CFP® professional, who is obligated to the CFP Board to serving their client's best interests, can help navigate today's challenges and also plan for a more secure tomorrow,” added Keller.
Learn more about financial planning, CFP® certification and where to find a CFP® professional at www.LetsMakeaPlan.org.
Note on Methodology and Survey Report
The online survey was conducted November 3, 2020 among a total national sample of 2,005 adult respondents 18 years of age and older, including a nationally representative subsample of n=1,000 adult respondents 18 years of age and older who were asked a set of questions on financial topics. The generations are defined as born between the following years: Silent Generation 1921-1945, Baby Boomers 1946-1964, Gen X 1965-1980, Millennials 1981-1994, and Gen Z 1995-2002. A complete copy of the survey report by Heart+Mind Strategies can be accessed here.
ABOUT CFP BOARD
Certified Financial Planner Board of Standards, Inc. is the professional body for personal financial planners in the U.S. CFP Board sets standards for financial planning and administers the prestigious CFP® certification – one of the most respected certifications in financial services – so that the public has access to and benefits from competent and ethical financial planning. CFP Board, along with its Center for Financial Planning, is committed to increasing the public's awareness of CFP® certification and access to a diverse, ethical and competent financial planning workforce. Widely recognized by firms and consumer groups as the standard for financial planning, CFP® certification is held by more than 87,000 people in the United States.
View original content to download multimedia:http://www.prnewswire.com/news-releases/as-covid-19-cases-continue-to-increase-top-financial-concern-among-americans-is-the-cost-of-healthcare-301185860.html
SOURCE Certified Financial Planner Board of Standards, Inc.
Burkhard Eling takes up role of CEO at Dachser
The next generation has arrived: A new Executive Board team for the new year
KEMPTEN / HONG KONG – Media OutReach – 6 January 2021 – On January 1, Burkhard Eling became Chief Executive Officer (CEO) and Spokesperson of the Executive Board of logistics provider Dachser. He heads the Corporate Strategy, Human Resources, Marketing executive unit, which also includes Corporate Key Account Management and the Corporate Governance & Compliance division. Eling succeeds Bernhard Simon, who will take over as Chairman of the Supervisory Board of the family-owned company in mid-2021.
Burkhard Eling (CEO)
The new Executive Board: (from left to right) Robert Erni (CFO), Alexander Tonn (COO Road Logistics), Burkhard Eling (CEO), Edoardo Podestà (COO Air & Sea Logistics) and Stefan Hohm (CDO).
Also moving to the Supervisory Board with Simon is the former Chief Operations Officer (COO) Road Logistics, Michael Schilling. In response, Dachser has made further changes to the Executive Board as of January 1, 2021. Two Dachser managers of many years’ standing have been promoted to the logistics provider’s operational management body: Stefan Hohm as Chief Development Officer (CDO) and Alexander Tonn as COO Road Logistics. They are joined on the Executive Board by Robert Erni, who left DSV Panalpina to join Dachser on September 1, 2020 and has taken up the role of Chief Financial Officer (CFO). The five-man Executive Board team is completed by Edoardo Podestà, who has been COO Air & Sea Logistics since October 2019.
Career as CFO with focus on innovation
Eling, 49, joined Dachser in 2012 as deputy head of the Finance, Legal and Tax executive unit. He joined the Executive Board as Chief Financial Officer (CFO) the following year, since when he has been responsible for the logistics provider’s group-wide strategic idea and innovation management program. With a degree in industrial engineering, Eling joined Dachser from the engineering and service group Bilfinger SE, where he was Head of the controlling and internal audit departments, CFO of a US subsidiary and of an international facility management service provider. Eling started his career with the construction companies Hochtief AG and Philipp Holzmann AG.
With sound judgment and agility
“My fellow board members and I are taking over an extremely robust and fast-growing company that even the challenges of the coronavirus crisis haven’t managed to throw off course. With their tremendous know-how and commitment, the people at Dachser have succeeded in maintaining the supply chains of our global customers even under adverse conditions,” says Burkhard Eling, CEO of Dachser. “With the trust and support of the founding family, we as an Executive Board team, will preserve the unique, people-oriented culture of Dachser as a family-owned company. At the same time, we will continue to develop the company with sound judgment and agility on its way to becoming the world’s most integrated logistics provider,” Eling continues.
New Executive Board team with a wealth of experience
Alexander Tonn is a new member of Dachser’s Executive Board as of January 1, 2021. As COO Road Logistics, he will be responsible for the European overland transport networks for industrial goods and food. In addition, he will continue to lead the European Logistics Germany business unit. Tonn, 47, has been with the company for over 20 years, having held managerial positions including at Dachser’s Allgäu logistics center in Memmingen and at company headquarters, where he was responsible for the logistics provider’s global contract logistics business for several years.
Stefan Hohm, 48, will head the newly created IT & Development executive unit as Chief Development Officer (CDO). Hohm has been working for Dachser for 27 years, during which time he has managed, among other things, the branches in Erfurt (Thuringia) and Hof (Upper Franconia). Most recently, he was Corporate Director for the logistics provider’s research and development work as well as its Corporate Solutions business. Besides the further development of IT, he is now also responsible for worldwide contract logistics.
Burkhard Eling’s successor as CFO is Robert Erni, an internationally experienced logistics finance manager, who took over as CFO on January 1, 2021 after a four-month induction and transition phase. Before joining Dachser, the 54-year-old Swiss national was Group CFO at logistics provider Panalpina for nearly seven years.
There are no changes to Dachser’s air and sea freight business, which has been led by Edoardo Podestà, COO Air & Sea Logistics, since October 2019. The 58-year-old Italian, based in Hong Kong, became Managing Director of Dachser’s air and sea freight business in the Asia Pacific business unit in 2014. Podestà is also a highly experienced Dachser manager. He joined the company in 2003 when it acquired the joint venture Züst Ambrosetti Far East Ltd.
Headquartered in Germany, Dachser is one of the world’s leading logistics providers. Using its own in-house developed IT-systems, Dachser incorporates transport, warehousing, and value-added services to provide comprehensive supply chain solutions. Thanks to some 31,000 employees based in 393 locations all over the globe, Dachser generated a consolidated net revenue of approximately EUR 5.7 billion in 2019. The same year, the logistics provider handled a total of 80.6 million shipments weighing 41.0 million metric tons. Country organizations represent Dachser in 44 countries.
In Asia, Dachser employs more than 1,696 people in 48 locations in 12 Business Areas. Its Asia Pacific Regional Head Office is located in Hong Kong.
For more information about Dachser, please visit www.dachser.hk
DIT Group grew rapidly in 2020 with 72% increase in sales volume
Speeding Up Business Expansion Nationwide by Signing Several Strategic Cooperation Agreements and Collaborating with CCRE Group
HONG KONG SAR – Media OutReach – 6 January 2021 – DIT Group Limited (“DIT” or the “Company” which together with its subsidiaries is referred to as the “Group”, SEHK stock code: 726), an innovative high-tech company specializing in businesses in the whole value chain of prefabricated construction in the People’s Republic of China (“PRC”), grew rapidly in 2020 in terms of operating results: its full-year production volume increased by 66% and sales volume rose by 72%. The rapid growth in the Group’s business scale was mainly attributable to strong market demand driven by Chinese government’s policies on fostering the country’s prefabricated construction industry. The growth was also due to the Group’s successful establishment of five green construction industrial parks during the year, including those in Dengfeng City, Zhumadian City, Luoyang City and Tongxu County in Henan Province, and Ding’an County in Hainan Province, and the completion and the launch of six green construction industrial parks in Zhoukou City and Tongxu County in Henan Province, Jiaozhou City in Shandong Province, Huai’an City and Nantong City in Jiangsu Province and Yuxi City in Yunnan Province.
The Group signed strategic cooperation agreements with a number of renowned enterprises in 2020, including JD.com Group, Jinke Property Group, Sunriver Holdings Group and Jujiang Construction Group, etc. The collaborations with the well-established companies have resulted in synergies which allow DIT Group to further expand its business and build up its business presence nationwide. This has also enhanced the Group’s capabilities of running businesses across the whole value chain of prefabricated construction and provided a stable source of orders for this year.
In July 2020, Mr. Wu Po Sum, the controlling shareholder of the Group, increased his shareholding in the Company for a consideration of approximately HK$303 million; in December 2020, Mr. Liu Weixing, the chairman of the board of directors and executive director of the Group, and Mr. Guo Weiqiang, the chief executive officer and executive director of the Group, increased their shareholdings in the Company for a total consideration of over HK$1.6 million. These moves reflected the confidence of the major shareholder and senior management in the prospects of the Group’s future development and its enterprise value. In addition, the Group adopted a stock option scheme in July 2020, under which a total of approximately 202 million stock options were granted to senior executives. This arrangement will bind together the interests of the employees and those of the Company and its shareholders tightly as it motivates the grantees to be more proactive at work, and can effectively retain and motivate the key talents, thereby promoting the long-term, steady development of DIT Group.
DIT Group is committed to becoming a leading solution provider for smart buildings. In 2020, the Group announced its new “Intelligent Construction of Home” strategy, which aims at creating an innovative model of running businesses in the whole value chain of prefabricated industry with synergy. The Group devotes itself to technological innovation along the whole value chain in such businesses as construction of smart residential buildings and promoting the development of the prefabricated construction industry. Meanwhile, the Group plans to set up a new business model for the whole value chain of the industry by developing a “turnkey” business model that encompasses design, intelligent prefabricated construction, landscaping service and interior decoration in the entire life cycle of a prefabricated construction project.
DIT Group’s chief executive officer and executive director Guo Weiqiang said, “DIT Group has been forging ahead with its business development and growing rapidly since it joined the family of the CCRE Group. It has been producing encouraging results. The Group will draw on the technological advantage afforded by the operation of businesses that span the whole value chain of prefabricated construction and will continue to collaborate with the CCRE Group to build its footholds across China more quickly. It will also actively develop new projects to explore the blue ocean in the market for prefabricated construction. Now that the state has adopted a policy on fostering the prefabricated construction industry, the Group is confident about its prospect and plans to expand its share of China’s market rapidly in three to five years. It will also commit itself to enabling consumers to enjoy a safer, comfortable life at smart residential buildings and contributing to China’s new type of urbanization and the modernization of the country’s construction industry.”
About DIT Group Limited
Headquartered in Changsha and Zhengzhou China, DIT Group Limited is an innovative high-tech enterprise that specializes in businesses throughout the entire value chain of prefabricated construction (PC). The company is listed on the main board of the Stock Exchange of Hong Kong Limited (stock code: 726.HK), and is also the first listed company in China’s PC industry.
The Group promotes the modernization of construction industry, and its businesses cover the entire value chain of the PC industry, including R&D, PC components manufacturing, franchise and consultation of PC plants, and manufacturing of intelligent PC equipment. The Group has already set up several smart PC equipment plants nationwide. It runs fifteen self-operated PC plants and several plants owned and operated by franchisees.
By adopting the world’s first business model of combining engineering, manufacture, procurement and construction (EMPC), which is created by Drawin Group, DIT Group has been widely recognized by its clients for its technology and products. DIT Group has green construction industrial parks in over 45 cities in 22 provinces nationwide, providing service for projects under construction with a total site area of 6 million square meters in China.
CIFI issues US$419 million senior notes at a coupon rate of 4.375% with a 6.25-year maturity
- Hit the record for the longest maturity period and the lowest coupon rate of the Group’s offshore bond issuance
- Optimize the Group’s financing costs and extend debts duration
HONG KONG SAR – Media OutReach – 6 January 2021 – CIFI Holdings (Group) Co. Ltd. (“CIFI” or the “Group”, HKEx stock code: 884), a leading real estate developer and investor in first-, second- and robust third-tier cities in China, is pleased to announce that CIFI successfully issues senior notes with an aggregate principal amount of US$419 million. The senior notes are at a coupon rate of 4.375% and yield of 4.4% with a 6.25-year maturity period, which hit the record for the longest maturity period and the lowest coupon rate of the Group’s offshore bond issuance.
The issue attracts enthusiastic response, with total orders at peak time exceeding US$4.8 billion, which was over 11 times of the total issue size. 82% of total issuance is allocated to Asian investors, while the remaining 18% is allocated to European investors. The final allocation to institutional investors is 72%, which consists of world-renowned and large-scale asset management companies and long-term investors. The subscription results and market response reflect the high recognition of CIFI by the investors in the capital market. The proceeds of the note will be used for re-financing of the Group’s existing indebtedness.
Credit Suisse, Haitong International, HSBC, J.P. Morgan and Standard Chartered Bank are the joint global coordinators, while Credit Suisse, Haitong International, HSBC, J.P. Morgan, Standard Chartered Bank, The Bank of East Asia, Limited, BOSC International, China CITIC Bank International and Yue Xiu Securities are the joint bookrunners and joint lead managers of the issuance.
Mr. Lin Zhong, Chairman of CIFI, said “We are pleased to see the strong demand for the notes issue. The issue hits the Group’s record for the longest maturity period and the lowest coupon rate of the offshore bond issuance, and it reflects investors’ recognition and support of business prospects of CIFI. The Group will continue to implement prudent financial management and build long-term investment value.”
About CIFI (Group):
Headquartered in Shanghai, CIFI is one of China’s top real estate developers. CIFI principally focuses on developing high-quality properties in first-, second- and select third-tier cities in China. CIFI develops various types of properties, including residential buildings, offices and commercial complexes.
To learn more about the Company, please visit CIFI’s website at: http://www.cifi.com.cn
CIFI issues US$419 million senior notes at a coupon rate of 4.375% with a 6.25-year maturity
Hit the record for the longest maturity period and the lowest coupon rate of the Group’s offshore bond issuance Optimize the...
DIT Group grew rapidly in 2020 with 72% increase in sales volume
Speeding Up Business Expansion Nationwide by Signing Several Strategic Cooperation Agreements and Collaborating with CCRE Group HONG KONG SAR – Media...
Burkhard Eling takes up role of CEO at Dachser
The next generation has arrived: A new Executive Board team for the new year KEMPTEN / HONG KONG –...
Management Development Institute of Singapore (MDIS) facilitates upskilling & reskilling with online MBAs & courses
SINGAPORE – Media OutReach – 5 January 2021 – As we to move into Phase 3 of Covid-19 towards the end...
Suncity Group Announces 2021 Outlook
Striding Towards a Bright Future MACAU – Media OutReach – 5 January 2021 – Under the impact of the COVID-19 pandemic, 2020...
NEFIN in Partnership with Hong Kong Baptist Theological Seminary (HKBTS) Embrace Carbon Neutrality for a Green Campus
316 Solar Panels Built on 6 Rooftops of HKBTS Campus Buildings HONG KONG SAR – Media OutReach – 5 January 2021 –...
NHK WORLD-JAPAN to explore Mega-Tsunami
10 years after: First-hand footage, insights, eyewitness reports TOKYO, JAPAN – Media OutReach – 5 January 2021 – NHK...
Royal SPA Hotel was rated as “China’s Five-Star Hot Spring”
HONG KONG SAR – Media OutReach – 5 January 2021 – Developed by Gudou Holdings Limited, Royal SPA Hotel has won the highest honor...
HKGSEO Provides Free Website SEO Analysis and Consulting Services
HONG KONG SAR – Media OutReach – 5 January 2021 – The COVID-19 epidemic has lasted for nearly a year. The sharp fall in...
Samsung Electronics Appoints New President & CEO for Southeast Asia & Oceania
A Samsung veteran with over three decades of experience, Mr. Sangho Jo most recently led Samsung Electronics Europe and has...