Financial Security Index
Financial Security Index
smart spending
April 2011: Financial security

 

Q:

Compared to 12 months ago, do you feel your overall financial situation is:

The number of people who feel worse off was up significantly from March's 28 percent.
The proportion of people who feel better off was down 2 percent from March.
The 30-to-49 age group was most likely to report feeling worse off, at 37 percent.
Michael Masiello

"Candidly, I think way too many people were overexposed and living right on the edge."

I don't see that any of the recent economic positives have filtered down to the general public. The corporations have done the belt-tightening; they've done the expense reduction and the cost-cutting, and I think they are starting to see some of the uptick as the economy improves. But I don't think the individual person has seen that happen. It just supports and sustains the premise that if you do the basics of paying yourself first, living within your means and avoiding debt, you'll survive up and down markets. It's not rocket science.

- Michael Masiello, founder, Masiello & Associates, Rochester, N.Y.

« Back to the Financial Security Index poll.

advertisement

Show Bankrate's community sharing policy
          Connect with us
REFINANCE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed refi 4.00%  0.09 4.09%
15 year fixed refi 3.08%  0.12 3.20%
10 year fixed refi 3.13%  0.11 3.24%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.32%  0.02 4.30%
50K FICO-based HELOC 3.98%  0.02 3.96%
100K FICO-based HELOC 3.83%  0.02 3.81%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.75% --0.00 2.75%
48 month used car loan 2.99% --0.00 2.99%
60 month new car loan 3.19%  0.01 3.20%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.99% --0.01 0.98%
2 Year CD 1.22%  0.01 1.21%
5 Year CD 1.87% --0.00 1.87%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.76% --0.00 15.76%
Cash Back Cards 16.44% --0.00 16.44%
Low Interest Cards 11.04% --0.00 11.04%
 
Next
advertisement
FRUGAL NEWSLETTER

Discover new ways to cut costs and save more every day. Reduce your spending, not life’s pleasures. Delivered weekly.

advertisement
Partner Center
advertisement

Connect with us