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June 2014 Financial Security Index charts

Bankrate's monthly survey measures how secure Americans feel about their personal finances compared with 12 months ago. From June 5-8, telephone interviews (on landlines and cellphones) with 1,004 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 101.5 from 98.7 in May.

How much do you have in emergency savings (i.e., money that is readily available in either a checking account, savings account or money market)?

Highlights:

  • People identifying as black were nearly twice as likely (40%) to say they have no emergency savings as those identifying as white (21%).
  • Retirees were more than twice as likely (36%) to have saved at least six months' of expenses as 18- to 29-year-olds (16%).
  • 36% of people with a high school education or less said they had no emergency savings, compared with 10% of college grads.
How do you feel about your job security compared with 12 months ago?

Highlights:

  • 27% of Democrats said they felt "more secure," compared with 16% of Republicans.
  • 32% of 18- to 29-year-olds said they felt "more secure," compared with 15% of people who were at least 65 years old.
  • 28% of Southerners said they felt "more secure," compared with 17% of people who live in the Midwest.
How do you feel about the amount of money you have in savings compared with 12 months ago?

Highlights:

  • 22% of people living in suburban communities said they were "more comfortable," compared with 15% of those living in urban communities.
  • 37% of those who attended some college said they were "less comfortable," compared with 28% of those with a degree.
  • 37% of women said they were "less comfortable," compared with 30% of men.
How do you feel about the amount of debt you have compared with 12 months ago?

Highlights:

  • 30% of those earning at least $75,000 a year said they felt "more comfortable," compared with 17% of those earning under $30,000.
  • 29% of college grads said they felt "more comfortable," compared with 18% of those with a high school degree or less.
  • 26% of those nearing retirement said they were "more comfortable," compared with 17% of those who were already of retirement age.
Please think about your net worth, or your total assets, including any real estate equity, minus your debts. Compared with 12 months ago, is your net worth:

Highlights:

  • 34% of men said their net worth was higher, compared with 26% of women.
  • 32% of those living in urban areas said their net worth was higher, compared with 21% of those in rural communities.
  • 35% of parents said their net worth was higher, compared with 27% of nonparents.
Compared with 12 months ago, do you feel your overall financial situation is:

Highlights:

  • 36% of people still in the workforce said they felt "better," compared with 18% of retirees.
  • 39% of college grads said they felt "better," compared with 23% of those who didn't attend college.
  • 44% of those making at least $75,000 a year said they felt "better," compared with 19% of those making under $30,000.

Editor's note: Percentages may not equal 100, due to rounding.

Financial 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 with 12 months ago.

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