Compared to 12 months ago, do you feel your overall financial situation is:
|Those feeling better overall rose significantly from April's 21 percent.|
|Those feeling worse off overall dropped 5 percent, from 33 percent in April.|
|Only 12 percent of those 65 and older feel better about their financial situation, while 39 percent of those aged 18 to 29 do.|
"People who are employed probably feel reasonably lucky; portfolios are up and they still have a job."Nearly a third of people feel their overall financial situation is better than before, but practically a third feel worse. The realization of the economic situation, the lower returns in the market, the fact that the jobs that are gone may never come back: That maybe contributes to the feeling that things are worse than they were 12 months ago. People are realizing this is not a temporary situation. Though things are better, it will be a long, slow climb out of the situation of the past couple of years.
- Donald Cummings, principal, Blue Haven Capital, Geneva, Ill.