(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.
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