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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.

About Sara Logel

As NRHA’s market research analyst, Sara conducts organic research and stays abreast of industry trends to help hardware retailers better run their business. Sara also contributes to editorial content in Hardware Retailing magazine. Sara received her B.S. in Marketing and Spanish from Butler University and, after graduation, began her career with NRHA. Sara enjoys traveling, being outdoors and exploring the city of Indianapolis.

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