NU Online News Service, Oct. 7, 2003, 4:12 p.m. EST – Thirty-one percent of U.S. consumers feel insecure about their jobs, and 33% have decreased use of credit and debt because of worries about job security, according to Cambridge Consumer Credit Index Inc., Islandia, N.Y.

When researchers interviewed 1,000 adults for Cambridge Consumer over the telephone, they found that 46% of the participants still feel secure about their jobs, 16% are retired and 8% are unemployed.

Sixty-three percent of the participants with annual incomes over $75,000 still feel secure about their jobs, but only 26% of the participants with annual incomes under $25,000 feel secure.

In other results, Cambridge Consumer found that only 4.4% of the consumers who called it for credit counseling services in September blamed big medical bills for their debt problems. Twenty-three percent blamed a reduction in income resulting from salary cuts, reductions in wages or layoffs. Eleven percent blamed overspending, and 2% blame recent divorce or widowhood.