Close Close

Financial Planning > College Planning

Americans regaining a sense of financial security

Your article was successfully shared with the contacts you provided.

While 2010 began with dismal financial security sentiments, Americans now feel more optimistic about nearly all aspects of their financial security. The Country Financial Security Index increased 1.8 points in April to 64.9, recovering ground from a record-setting decline in February.

The April Country Index reveals 38 percent currently rate their overall financial security as good or excellent compared to 35 percent in February. And, Americans may be seeing a light at the end of the tunnel, as confidence in long-term financial goals showed the most improvement. Those confident they will have the financial resources to send their children to college jumped five points to 61 percent, and those confident they will have a comfortable retirement increased four points to 57 percent.

Key findings include:

  • More Americans (45 percent) were able to set aside money for savings or investments in April than in February (43 percent). While an equal number (45 percent) of men and women now say they were able to save this month, the number of women able to set aside money grew five points while the number of men able to do so dropped one point.
  • Eighty-one percent are currently confident their house, car and possessions are adequately protected, up two points from February.