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Uptick in Financial Security For Americans

Bankrate.com has issued its Financial Security Index for January, showing that the reading posted a gain for the second straight month. The gain is monthly, but this is a lower security reading from one year ago. Some of the highlights…

By Jon C. Ogg
Published January 24, 2012, 9:34am ET · 1 min read

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Bankrate.com has issued its Financial Security Index for January, showing that the reading posted a gain for the second straight month. The gain is monthly, but this is a lower security reading from one year ago. Some of the highlights are as follows:

Job security turned positive for the first time since May, with 20% of Americans feeling more secure than one year ago and 17% feeling less secure.

Savings was called “the Achilles’ heel of financial security” with those feeling less comfortable than a year ago (41%) outnumbering those more comfortable (14%) nearly three-to-one.

Americans’ overall financial situation is still seen as negative.  Some 28% said it is worse than one year ago and 23% saying it is better (only 12% of retirees say their overall financial situation is better now than one year ago).

 

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Jon C. Ogg

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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