Now, keep up to date
with daily feeds of newly posted stories
about America's Seniors...click on the box
half of Americans believe their savings are
New Bankrate poll reveals how Americans feel
about their financial security
NEW YORK, Jan.
24, 2011 /PRNewswire/
-- This month's study, released by Bankrate
Inc., shows that Americans are nearly split
when it comes to gauging their financial
security. Despite the gradual economic
rebound, many Americans still feel less
comfortable with their finances now than
they did 12 months ago.
The poll, conducted by Princeton Survey
Research Associates International, can be
seen in its entirety here: http://bankrate.com/finance/consumer-index/jan-2011-savings.aspx.
Among the findings:
Twice as many people feel less
comfortable about their savings level
than those who feel better: 38 percent
versus 19 percent;
Only 10 percent of people between ages
50 and 64 feel more secure about their
job while 29 percent feel less secure;
More than three quarters, or 78 percent,
of Americans spent either less than or
nearly equal to what they expected to
spend during their holiday shopping;
31 percent of workers with incomes less
than $30,000 feel
least comfortable with their debt loads.
Those who earn more than $75,000 are
not far behind, with 17 percent feeling
less comfortable with their debt;
Age significantly impacts overall
financial security, with one of every
three respondents over 50 believing they
are worse off while only 15 percent of
people younger than 30 feel that way.
Bankrate's Financial Security Index results
are based on telephone interviews with a
nationally representative sample of 1,018
adults, ages 18 and older. The interviews
were conducted from Jan.
6 to Jan. 9, 2011, by Princeton
Survey Research Associates International.
Statistical results are weighted to correct
known demographic discrepancies. The margin
of sampling error for the complete set of
weighted data is +/- 3.6 percentage points.
About Bankrate, Inc.
The Bankrate network of companies includes Bankrate.com, Interest.com, Mortgage-calc.com,Nationwide
Card Services, Fee
Disclosure, InsureMe, CreditCardGuide.com, Bankaholic, CreditCards.comand NetQuote.
Each of these businesses helps consumers to
make informed decisions about their personal
finance matters. The company's flagship
brand, Bankrate.com is a destination site of
personal finance channels, including
banking, investing, taxes, debt management
and college finance.
Bankrate.com is the leading aggregator of
rates and other information on more than 300
financial products, including mortgages,
credit cards, new and used auto loans, money
market accounts and CDs, checking and ATM
fees, home equity loans and online banking
Bankrate.com reviews more than 4,800
financial institutions in 575 markets in 50
states. Bankrate.com provides financial
applications and information to a network of
more than 75 partners, including Yahoo! (Nasdaq:
Online(NYSE: AOL), The
Wall Street Journal and The New
York Times (NYSE:
NYT). Bankrate.com's information is also
distributed through more than 500
Bankrate, Inc. was acquired by Apax
Partners, one of the world's leading private
equity investment groups, in September
2009. Apax operates across the
United States, Europe and Asia and
has more than 30 years of investing
experience. For more information on Apax,