News Releases

Over Half of Business Owners and Executives Surveyed Expect Their Investment in Innovation to Increase

- First-Time Budget for 2016 has risen to $246,378, an increase of 27.5 percent since 2014

- Expected down payment is 10 percent

- Majority of first-time buyers have made lifestyle cutbacks to save money

- Over 80 percent of respondents expect the U.S. economy either to improve or stay the same in 2016

- More than 70 percent of respondents expect to see business growth in 2016; only two percent believe their business will shrink

- Ten percent care for both their children and older relatives while 17 percent expect to care for the two generations in the future

- Those in the "Sandwich Generation" have only reached a third of their retirement savings goal

- Nearly all view retirement as a top priority; however, 30 percent have not thought about what their retirement will look like and 43 percent do not know when they will retire

- Eighty percent of homeowners intend to make cosmetic changes to their homes

- Almost half of homeowners intend to make their homes more energy-efficient

- More than half of homeowners expect to pay for home renovations with savings

New fingerprint recognition and Passcode options build on Mobile Cash technology, offering banking customers quick, convenient and secure access

- Sixty-three percent plan to travel three times or more a year for pleasure

- They expect to spend an average amount of $2,900 per trip

- Most plan to travel within the United States and during the spring and fall seasons

- Nearly half use their home equity account for home improvements

- One in four homeowners currently have a home equity line or loan

- Only one third of Illinois residents believe that kids who are graduating now are well prepared for their financial future

- Talk With Our Kids About Money Day provides resources for teachers and families to help start and continue conversations about money or personal finances