Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Financial Planning > College Planning

Financial Confidence Dips In October

Your article was successfully shared with the contacts you provided.

The Country Financial Security Index fell to 66.4 in October, down from 68.8 in October 2008.

But the index, which measures American’s feelings about their finances, has risen from 62.8 in August, according to Country Financial, Bloomington, Ill.

The latest index is based on a national telephone survey of about 3,000 Americans.

The index went up faster in October than at any time since February 2007, Country Financial says.

Other findings from the October survey:

- 78% of participants were confident that they could pay debts as they come due, down from 80% a year earlier.

- 66% were confident in their ability to send their children to college, down from 65% last year.

- 47% said they were able to set aside money for savings or investments, down from 53%.

- 41% rated their financial security as excellent or good, down from 48%.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.