smart spending

January 2013 Financial Security Index charts

Bankrate's monthly survey of six questions measures how secure Americans feel about their personal finances compared to 12 months ago. From Jan. 3-6, 2013, telephone interviews (on landlines and cellphones) with 1,003 adults living in the continental U.S. were conducted by Princeton Survey Research Associates International. The results of Bankrate's Financial Security Index have a margin of error of plus or minus 3.6 percentage points. This month, the index increased to 98.6, three points higher than December 2012.

Financial Security IndexBankrate.com

Highlights:

  • 65% of Midwesterners spent about what they expected -- a bigger percentage than every other part of the country.
  • 30% of those younger than 30 went over their budget, while just 12% of those older than 30 did the same.
  • 20% of Independents spent more than expected compared to 13% of Republicans and 15% of Democrats.
Financial Security IndexBankrate.com

Highlights:

  • 33% of people younger than 30 feel more job security, compared to 18% of people older than 30.
  • 20% of Republicans say they have less job security, versus just 9% of those across the aisle.
  • 24% of urbanites and suburbanites feel more job security. Only 13% of rural respondents said the same.
Financial Security IndexBankrate.com

Highlights:

  • 36% of those who didn't graduate college are less comfortable with their savings, as opposed to 28% of college grads.
  • 20% of respondents making at least $75,000 are more comfortable with their savings. Only 12% of those earning less agree.
  • 15% of suburbanites are more comfortable with their savings, while just around 9% of those living in rural areas are.
Financial Security IndexBankrate.com

Highlights:

  • 21% of suburbanites say they're doing better with their debt, as do 14% of rural folks.
  • 29% of Southerners are less comfortable with their debt, compared to 18% of the rest of the country.
  • 15% of college graduates are uncomfortable with their debt, but so are 25% of those less educated.
Financial Security IndexBankrate.com

Highlights:

  • 26% of men and 18% of women say their net worth has increased over the past year.
  • 24% of those older than 50 report lower net worth, compared to 13% of those younger than 50 who feel the same.
  • 33% of those making at least $50,000 have increased net worth, compared to 16% of those who make less.
Financial Security IndexBankrate.com

Highlights:

  • 39% of those making at least $75,000 feel they are better off today, compared to 19% of those with lower incomes.
  • 26% of men feel they are doing better today, as do 19% of women.
  • 15% of college grads, 24% of those with some college education, and 30% with a high school diploma at most feel they are doing worse today.
Bankrate.comFinancial Security Index
Bankrate's Financial Security Index gauges how Americans feel today versus a year ago on vital financial matters. An index value of less than 100 indicates declining levels of financial security; a value greater than 100 reveals higher levels of security compared to 12 months ago.

 

 

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 3.99%  0.09 4.08%
15 year fixed refi 3.07%  0.11 3.18%
10 year fixed refi 3.13%  0.08 3.21%
 
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 3.18%  0.02 3.20%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.99% --0.00 0.99%
2 Year CD 1.22% --0.00 1.22%
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