Entries in Financial Security (2)


Many Americans Don't Feel Secure about Retirement

Jupiterimages/Thinkstock(NEW YORK) -- Americans are paying down debt and taking care of short-term household needs, but a new survey finds many people are feeling less secure about having enough money for retirement.

"We are seeing a dip in confidence for long term," says Keith Brannan of Country Financial, whose firm conducted the monthly survey on financial security.

"People are so focused on some of their short term needs, whether it's debt reduction, paying some of the bills down, making sure they have some some cash savings, the long term is going to slip," Brannan says.

It also doesn't help that the economy's been weak for more than three years.

"The recession is taking a while to recover out of and I think that has a big impact on people," he says.

Copyright 2011 ABC News Radio


Poll: 42 Percent of Americans Feel Less Secure Financially Than One Year Ago

Photo Courtesy - Getty Images(NEW YORK) -- Recent results from a Harris Poll say that 30 percent of Americans give President Obama a positive rating on the progress he is making on the economy, while 70 percent give the president a negative rating.

The poll, which surveyed 2,331 adults online in early to mid-December, found that 42 percent feel less secure financially than last year, while 36 percent feel just as secure and 19 percent feel more secure.  While 2010 has been a troubling year economically, the poll reveals an improvement in the perceived financial security of Americans.  At the conclusion of last year, over half of Americans admitted they felt less secure about their financial status than compared to the previous year.

Looking to the future, the poll found that some Americans (29 percent) believe the economy will improve while one-quarter think it will not.

But the numbers are much higher for Americans planning to cut back in 2011.  Forty-nine percent say they will cut back on household spending in the next year, 40 percent want to save more and 41 percent plan to pay down their debt.

Copyright 2010 ABC News Radio

ABC News Radio