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Findings from a new research series published by the Basking Ridge, N.J.-based Affinity Federal Credit Union discovered the financial health and well-being of consumers varies widely from generation to generation. Of the thousands of people surveyed, each generation had differing levels of concern about inflation, budgeting, financial education, savings and retirement.
Affinity released its Well-being and Your Wallet Index on Monday, which consisted of a 42-question survey of more than 3,000 people in New Jersey, New York, Connecticut and Pennsylvania. The survey was completed in December 2022 and its questions focused on "key financial well-being concerns impacting consumers, including addressing mounting inflation concerns on everyday spending and budgeting and access to financial education and resources."
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
