Americans are feeling less financially secure now than at any other time this year.
A new survey done for Bankrate.com shows that people feel worse about their job security, savings, debt and overall financial situation, although they feel a little bit better about their net worth.
“The disappointing August jobs report took a toll on Americans’ feelings of financial security,” said Greg McBride, Bankrate.com senior financial analyst. “Those age 50-64 are still more likely than other age groups to say they feel less secure in their jobs now than one year ago and that their overall financial situation has deteriorated in the past 12 months.”
What Bankrate.com calls its Financial Security Index stands at its lowest point since December 2011.
Some of the details of the survey:
– 19 percent of respondents said they feel less secure today than they did one year ago about their jobs, while 17 percent said they felt more secure. Most of the rest said they felt the same.
– 38 percent feel less comfortable with the amount of money they have in savings now compared to what they had a year ago, while only 16 percent said they’re more comfortable.
– 25 percent are less comfortable with the amount of debt they have now compared to a year ago, while 20 percent are more comfortable.
– 25 percent said their net worth (total assets including any real estate equity, minus debts) is higher today, while 23 percent said it’s lower than it was a year ago.
– 29 percent said their overall financial situation is worse today than what it was a year ago, while 22 percent said it’s better.