Survey shows financial security becomes stagnant

Posted on June 26, 2016

Country Financial reports its Financial Security Index has dropped after reaching a post-recession high in 2015. (WJBC file photo)

By Eric Stock

BLOOMINGTON – Americans’ sense of financial security has become stagnant, especially for women, according to a Country Financial Security survey.

“I think that’s alright, but definitely going forward we want to see some more positivity in the eyes of women as well,” Country’s Supervisor of Country Capitol Management Company Sales and Business Solutions, Eric Klein said.

Three in four women surveyed this month said they don’t see their finances getting better especially when it comes to paying debts on time, setting aside money for their child’s college education and saving for retirement.

“They are looking at saving and investments and generally men are more likely than women to have set aside money for that,” Klein said. “Men are also more confident about their ability to pay debts.”

Klein said the June surveys shows Americans are settling into a new normal and accepting a less than ideal financial picture.

The Country Financial Security Index slipped in June to 66.7 after jumping in the spring of 2015 to 66.9, the highest score since the 2008 recession.

Eric Stock can be reached at [email protected].

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