EL CAJON, Calif., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) announced today the upcoming groundbreaking ceremony for the new Mountain Vistas Mausoleum, an elegant and meaningful expansion within Singing Hills Memorial Park. The project is being spearheaded by Security National’s Funeral Homes & Cemeteries division, reaffirming the company’s commitment to developing thoughtfully designed memorial spaces for families in the San Diego region. Dedicated in 1996 after nearl ...

Core Insights - The current global economy is characterized by volatility in stock markets, rising prices of goods, and an unpredictable job market, which is particularly affecting middle-class earners [1] - There are effective strategies that middle-class earners can implement to safeguard their finances amidst economic uncertainty, as suggested by financial experts [2][3] Financial Strategies - Establishing an emergency fund is crucial for middle-class earners to protect against unexpected financial challenges such as job loss or health issues [4] - Financial security involves planning for both significant life events and smaller, unforeseen expenses, allowing for greater flexibility during tough times [5] - A recommended approach is to create three separate bank accounts: one for essential expenses, one for discretionary spending, and one for emergencies, ideally a high-yield savings account [5][6] - Implementing an automatic savings system, where a portion of income is transferred to savings accounts regularly, can help ensure consistent savings without requiring active management [6]

Retirement Planning - Starting early and saving more can help avoid common retirement regrets [1] - Building lasting financial security leads to greater freedom in later years [1]

Core Insights - Job security is a significant concern for workers due to mass layoffs, with October marking the worst month for layoff announcements in over two decades [1] - The ongoing government shutdown has exacerbated job security fears, affecting thousands of federal employees [1] Group 1: Job Loss Preparedness - Workers are advised to take proactive steps to protect their financial security in anticipation of potential layoffs [2][3] - Understanding rights and benefits post-job loss is crucial, including reviewing employment contracts for insurance benefits and severance packages [4][5] - Familiarizing oneself with state unemployment websites can provide essential information on eligibility, documentation, and benefit amounts [5] Group 2: Financial Management Strategies - Reviewing and adjusting budgets is essential; creating a lean budget focused on essentials can help manage finances during unemployment [6][7][8] - Establishing an emergency fund with three to six months' worth of living expenses is recommended to provide a financial cushion [9][10] - Prioritizing debt repayment can alleviate financial burdens, allowing for better management of essential expenses [11][12] Group 3: Income Diversification - Diversifying income sources can enhance financial security, encouraging individuals to explore freelance opportunities or side gigs [13][14]

financial services, capital markets, I mean hundreds of years old. This company was really rooted in a lot of it. And and when you think about innovating in again old industry, it's no different than with TIAA.Like I said, we invented the annuity, but how do we make sure that that 23y old or 25year-old understands that they may live to 100 years old, right. How do you engage them to say, "Hey, you don't have to understand every nuance of the sharp ratio or what asset allocation means, but you better make su ...

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Retirement Confidence and Planning - Over 80% of mass affluent adults in the US, Brazil, Mexico, and Japan are confident they'll cover essential costs in retirement [2] - Only 55% of respondents in the US and Brazil factored inflation into their retirement planning [3] - Many investors aren't ready for retirement despite the peak 65 being in full swing [5] Financial Concerns and Expectations - 54% of Americans believe their financial situation will improve during their lifetime, while the same share fear running out of savings once they retire [5] Key Economic Indicators - The September consumer price index (CPI) and 2026 cost of living adjustment for social security benefits will be released [1] Demographic Trends - Over 4 million adults in the United States are expected to reach age 65 this year and over the next two years [4] Survey Details - Credential's first global retirement pulse survey included more than 4,000 adults aged 30 and over with over $100,000 in investable assets or the equivalent [2]

Core Insights - The perception of wealth among Americans has shifted, with only 23% believing that an annual income of $100,000 qualifies as wealthy [1] - There is a growing emphasis on personal financial goals such as debt elimination and financial security rather than just high income [2] Group 1: Definition of Wealth - The primary definition of wealth for many Americans is the ability to live comfortably without financial concerns, which is a significant source of stress for over 70% of the population [4][5] - Wealth is increasingly associated with not worrying about covering essential expenses and having some discretionary income for comfort [5] Group 2: Financial Security - Feeling financially secure is a key component of wealth, with around half of U.S. adults indicating that an income of $100,000 would suffice for this sense of security [6] - However, a notable portion of Americans believe that higher incomes are necessary for financial security, with 25% stating they would need at least $150,000 and 16% requiring $200,000 [7]

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Core Insights - More middle-class Americans are achieving a net worth of $1 million due to long-term gains in home values and retirement accounts, but this does not equate to financial security [1][4][5] - The actual buying power of $1 million has significantly declined due to inflation and rising costs in housing, healthcare, and everyday expenses [5][6] - Many middle-class millionaires are experiencing a disconnect between their asset wealth and cash flow, leading to a situation where they are "house rich, cash poor" [5][7] Group 1 - The increase in millionaires among middle-class households is attributed to decades of home appreciation, retirement savings, and stock market growth [1][3] - Despite reaching the $1 million milestone, many households do not feel wealthy due to rising costs and unexpected expenses [2][3] - The perception of wealth is changing, as financial security is not guaranteed by net worth alone [4][5] Group 2 - The rising cost of healthcare is a significant factor eroding the value of $1 million in retirement, with couples potentially facing medical expenses of at least $300,000 annually [7] - Basic living costs, such as food, rent, and insurance, are increasing at a rate faster than wages and some investment returns [6][7] - The challenge of being asset-rich but cash-stressed is becoming more prevalent among middle-class millionaires [5][7]