Americans felt better about their financial security, according to a monthly survey by Bankrate.com.
Four of the five components that Bankrate tracks — job security, comfort level with debt, net worth and overall financial situation — showed improvement when compared with the same month last year. Americans continue to fret about their savings, however, with those feeling less comfortable outnumbering those feeling more comfortable by a 2-to-1 margin.
The Financial Security Index, which is based on a national telephone survey, rose to 100.1 in July. Any index reading above 100 indicates that financial security has increased over the past 12 months. The index measured 101.5 in June and 102 last July.
Financial Security Index
If you think your savings could use a boost, take a look at the savings rates at Bankrate.com.