Financial Security Index shows improvement
Financial security among Americans remained positive in August, thanks to an improved outlook on jobs and net worth, according to a monthly reading by Bankrate.com.
Bankrate's Financial Security Index, which is based on a national telephone survey, held at 100.1 in August. Any index reading above 100 indicates that financial security has increased over the past 12 months.
Greg McBride, CFA, Bankrate's chief financial analyst, noted that Americans' comfort level with debt remains mixed. The survey estimated that there are twice as many Americans less comfortable with their savings as there are those who are more comfortable, compared with one year ago. Men's feelings of financial security slipped, while women noted improved financial security since last month.
If you think your savings could use a boost, take a look at the savings rates at Bankrate.com.