The Country Financial Security Index fell one point to 63.7 in June on low retirement confidence. Just over half of Americans feel they’ll have enough assets for a secure retirement, the lowest percentage since the first Country Index in February 2007.
“With the slow-to-recovery economy, rising food and gas prices and discussions over government entitlement programs, concern over retirement is understandable," Keith Brannan, vice president of financial security planning at Country Financial, said in a press release. "If you're feeling uncertain, reassess any long-term financial plans and identify potential cracks in your retirement nest egg."
Further depressing the Index were concerns over savings and overall financial security. Forty-five percent of Americans said they were able to save in June, down three points from April. Thirty-seven percent rated theirfinancial situation as positive, down one point from April.