Financial Security on the Rise

Americans’ confidence in the U.S. economy is growing, according to a national Bankrate survey.  According to Bankrate, job security, debt, net worth and overall financial situation are areas in which Americans are experiencing more optimistic sentiments. These positive areas led the Financial Security Index to reach 101.3, the highest level in the past five months. The article explains that “any reading above 100 indicates improved financial security over the past 12 months.”

While the index indicates positive numbers, some Americans are still struggling with their personal savings. More than one-third of Americans feel “less comfortable” about the money they have in savings compared to the previous year. Only 20 percent of Americans were “more comfortable” with the amount they have saved.

To read more about the Financial Security Index, click here.