Bankrate’s August 2011 Financial Security Index is out — and people are not, apparently, feeling quite so secure. Go figure.
Bankrate: August Financial Security Index
I always enjoy seeing how people feel about their savings (or lack thereof), and according to Bankrate, 47 percent of Americans say they are less comfortable with their savings than a year ago. You have to think that teetering stock markets play a large role here; couple that with all the other negative news items which have driven headlines lately, and you have a recipe for a consumer-based economy Rut Ro.
With similar surveys indicating that 42 percent of us live paycheck-to-paycheck, and half of us would have difficulty coming up with $2,000 in a pinch … well, no surprises here.
