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While there was some variation among different age groups, it was not as wide as expected. Among those under age 30, 42% have been to a branch within the last 30 days compared to 52% of those over age 50.
One in five retirees has not visited a branch in over a year. Fifty-three percent have done so in the past 30 days, slightly more than the 50% figure for the overall population.
"The number and location of bank branches, as well as their functionality, will continue to evolve, but clearly they're not going away," said
Bankrate.com also announced that its Financial Security Index clocked in at 102.2 in March, up from 99.3 last month. That is the third-highest reading since
For the third consecutive month, all components except savings indicated improvement from one year ago. Compared to one month ago, all components improved except for job security, which was essentially flat.
Twenty-seven percent of Americans report a higher net worth than one year ago, versus just 16% who report a lower net worth. Americans who note an improved overall financial situation outnumber those whose financial situations have deteriorated by a three-to-two margin.
The survey was conducted by
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PSRAI obtained telephone interviews with a nationally representative sample of 1,003 adults living in the continental
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