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"Americans' financial priorities reflect the difficult economic realities of high unemployment, stagnant income and the absence of new high-paying jobs," said
As a result of these longstanding challenges, consumers' financial priorities haven't changed much over the past year. In
Bankrate.com's Financial Security Index registered a 99.3 in November; readings below 100 indicate deteriorating financial security compared with one year previous. Americans are feeling most negative about job security and savings.
Those who feel less secure in their jobs now versus one year ago (20%) outnumber those who feel more secure (17%). Job security turned negative in October, and remained negative in November, after spending eight of the first nine months of 2013 in positive territory.
For the 36th consecutive month (every single month since the inception of Bankrate.com's monthly Financial Security Index polls in
Net worth is the bright spot of financial security, with 29% of consumers reporting higher net worth and just 16% reporting lower net worth than one year ago. Given the improving housing market and strong stock market performance, it is not surprising that the propensity to report higher net worth increases with income.
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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