Posted on 26 July 2012.
Feeling financially insecure these days?
If so, you have company.
Bankrate.com’s Financial Security Index dropped this month to its lowest level since March, and it recorded the biggest month to month decline since August 2011.
According to the survey, people are less secure about their jobs, their savings, their debt, their net worth and their overall financial situation.
That should about cover it.
Nationwide, 28 percent of people say their overall financial security is lower now than it was one year ago, although 23 percent say they feel better today.
Americans feel most insecure about their savings, with 39 percent saying they are less comfortable now than a year ago. Only 16 percent reported feeling better.
Bankrate.com senior financial analyst Greg McBride said, however, that “despite another poor jobs report in early July, feelings of job security were the least affected and remain the component of financial security that Americans feel is most improved relative to one
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