Americans continue to grow more optimistic about their finances, according to the latest Country Financial Survey. The survey was 66.3, up 1.1 from October, and 1.5 from December of a year ago. Joe Buhrmann says 100 is the baseline for the index, which is culled from interviews with at least 3-thousand people:
"The Financial Security Index measures those sentiments for Americans towards their overall financial security. It's an aggregate of various factors of financial security, including savings and investments."
The December survey also shows Americans planning ahead more, with 27 percent working to lower their debts, 24 percent funneling more money into savings, and 13 percent shoring up their retirement packages. That later percentage is down by four points from October's survey. Buhrmann says with gas prices and inflation heading down, Americans are becoming more optimistic about their personal financial future, despite endless talk of financial chasms ahead.
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