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Job security

October 2011 Financial Security Index » Job Security

Q:

How do you feel about your job security compared to 12 months ago?

Sixteen percent of those younger than 30 feel less secure in their jobs compared to 12 months ago while 21 percent feel more secure.
Thirty-one percent of those approaching retirement (ages 50 to 64) feel less secure in their jobs now than they did a year ago. Only 14 percent feel more secure.
Twenty-seven percent of those earning less than $30,000 say they feel more job security versus 13 percent of those earning $75,000 or more.
Matthew Tuttle

"Three-quarters of people feel more secure or the same as one year ago; that could bode well for the economy."

We're in an economy that stinks. We have extremely high unemployment, and the unemployment rate doesn't even take into account all the people who are underemployed or who gave up. I would have expected the (percentage of) people who feel less secure about their employment today to be higher. But three-quarters of people feel more secure or the same as one year ago; that could bode well for the economy.

- Matthew Tuttle, CFP, founder, CEO and CIO of Tuttle Wealth Management in Stamford, Conn.

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