WASHINGTON BUREAU – Americans seem to be feeling better about the economy and the state of their own finances.
Principal Financial Group Inc., Des Moines, Iowa (NYSE:PFG), published survey results documenting the improvement in confidence here today at a seminar sponsored by the Financial Services Roundtable, Washington.
Principal found that 72% of employees and 56% of retirees say they are very concerned about their long-term financial future.
The percentage of working survey participants who said they feel better off financially than they felt at the beginning of the year has increased to 40%, from 37% a year ago, and the percentage who said they expect to spend less money during the holiday season this year than they spent last year has decreased to 31%, down from 46% a year ago and down from 53% 2 years ago.
“We are seeing some confidence return as Americans are starting to feel better about their finances and the economy, which is resulting in some positive behavior for long-term savings,” Principal Chairman Larry Zipleman said.