Financial Security Index Charts Short On Savings, Americans Still Feeling Positive
Americans are feeling very secure about their personal finances, according to Bankrate's June 2013 Financial Security Index. The index registered 102.7 in June. Not only is that a record high, it also marks the first time the index has been in positive territory for four straight months since the index's creation in December 2010.
The index came back with other positive records, too. The percentage of those feeling less secure about their jobs and those reporting lower net worth than last year hit all-time lows. Only 1 in 5 Americans felt their overall financial situation got worse versus the previous year, tying the lowest reading from April 2013. And 30% of consumers felt more comfortable about their debt, a new high.