Americans feel better about their job security, debt levels, net worth and overall financial situation than they did a year ago, according to Bankrate.com’s financial security index for April.
They are not without anxiety, however, as many are concerned about their savings levels.
The financial security index score for April was 102. It was based on a telephone poll of 1,000 adults living in the continental U.S.
Any reading above 100 indicates improved financial security over the previous 12 months, according to Bankrate.
The index has shown improvement for 11 consecutive months, though the latest reading was slightly lower than those in the first quarter.
“The feelings on job security, net worth and overall financial security weren’t as strong as last month, following a disappointingly weak jobs report and a choppy stock market,” according to Greg McBride, Bankrate’s chief financial analyst.
The survey found that among college graduates, 35% were more inclined to invest in the stock market, compared with 11% of those who had never attended college.
Similarly, people with bigger salaries were more inclined to invest than those with a lower income, and men were likelier to do so than women.
Overall, 23% of employed Americans said they felt better about their job security now versus April 2014.
Thirty-two percent of employed millennials reported higher job security relative to a year ago, and just 4% reported lower job security.