Nationwide Mutual Fund - NWFAX STOCK NEWS

The recent survey by Nationwide reveals that drivers perceive road safety has worsened since the pandemic. While vehicular travel decreased by 11% in 2020, traffic fatalities surged by 6.8%. The trend continued into 2021, with an additional 12% rise in fatalities. The survey indicates that reckless driving behaviors, particularly among younger drivers, are on the rise, with 34% believing it is safe to use a phone while driving. Nationwide advocates for hands-free legislation in all states to combat distracted driving, which is recognized as a severe risk on the roads.

Nationwide has partnered with Labrador Systems to launch a multi-state pilot program exploring the capabilities of the new Labrador Retriever, an assistive robot aimed at helping individuals maintain independence at home. This initiative aligns with the demand for home-based care technologies, particularly as the population over 65 is projected to grow to 74 million by 2030. The pilot will take place across various states, including Kentucky, Ohio, and Michigan, focusing on understanding user needs and enhancing caregiving support.

Nationwide's latest report reveals a surge in the popularity of Poodle crosses like Goldendoodles and Labradoodles, with Goldendoodles increasing by 347% from 2013 to 2021. In contrast, purebred counterparts like Poodles and Labrador Retrievers have seen a 32% decline. The analysis of claims made for 1.61 million dogs shows that Goldendoodles are 47.4% less likely to have cancer claims compared to other breeds. This trend highlights shifting preferences among pet owners and potential health benefits associated with these crossbred dogs.

The proposed reconciliation package by the current presidential administration aims to enhance the social safety net and tackle climate change, funded partly by a surtax on high-income earners ($10-$25 million). According to the Nationwide Advisor Authority study, tax concerns have surged among investors, particularly High Net Worth and Ultra High Net Worth individuals. While some tax increases are anticipated for the wealthy, most Americans will likely see minimal impact. Financial professionals are preparing for market volatility and are increasingly likely to adopt tax-deferred investment strategies.

A recent Nationwide Retirement Institute survey reveals that the Great Resignation primarily affects workers aged 30-45, with older employees delaying retirement. Among participants aged 45 and older, 25% have postponed retirement due to the pandemic, rising to 30% for those 65 and older. Delayed retirements lead to negative emotions, impacting mental health (48%), morale (39%), and productivity (23%). Employers are encouraged to offer guaranteed lifetime income options, with 46% of participants expressing interest. Nationwide manages 34,000 retirement plans, protecting over $173.9 billion in assets.

On Nov. 4, 2021, Nationwide announced its commitment to pet cancer research as part of National Pet Cancer Awareness Month. The company reported over $49 million in claims for pet cancer treatment in 2020, providing vital insights into cancer prevalence among pets. Analyses revealed that mixed-breed dogs are 48% less likely to develop cancer compared to purebreds. The most common cancer claims were for skin and lymphatic cancers, averaging $1,764 and $2,998 respectively. Nationwide is also hosting a virtual walk to raise funds for cancer research, donating 50 cents per walk until Nov. 30, 2021.