Posted on Tuesday, 15th February 2011 by Christopher Allen
Denver-area residents’ assessment of their own financial security has risen to its highest level since December 2009, according to the latest bi-monthly survey commissioned by Country Financial.
The Country Financial Security Index survey, released Tuesday, shows a confidence level for the Denver area of 67.8, up from 66.4 in December 2010.
The higher the index number, the greater the level of confidence among those surveyed in their ability to save and pay debts.
The reading for February 2010 was 64.3, the lowest for Denver in the survey’s history.
Nationwide, the Financial Security Index stands at 64.9, up from 64.1 two months ago.
Among the survey’s findings for the Denver area:
• 50 percent of local residents surveyed said they set aside savings money in the latest month, up three percentage points from December 2010.
• 46 percent rated their overall level of financial security as positive, up 6 points from two months ago.
• 81 percent said they were confident in the ability to pay debts, unchanged from December.
• 87 percent are confident that their house, car and possessions are adequately insured, up 4 points from two months ago.
• 62 percent believe that their family would be able to live comfortably if they died or were disabled, up 3 points from December.
• 60 percent said they expect they will have enough money to enjoy a comfortable retirement, unchanged.
Nationally, “for three years, we’ve seen signs of a holiday financial hangover through a decrease in the Country Index,” Keith Brannan, Country Financial’s vice president of financial security plannin …
Denver-area residents’ assessment of their own financial security has risen to its highest level since December 2009, according to the latest bi-monthly survey commissioned by Country Financial.
The Country Financial Security Index survey, released Tuesday, shows a confidence level for the Denver area of 67.8, up from 66.4 in December 2010.
The higher the index number, the greater the level of confidence among those surveyed in their ability to save and pay debts.
The reading for February 2010 was 64.3, the lowest for Denver in the survey’s history.
Nationwide, the Financial Security Index stands at 64.9, up from 64.1 two months ago.
Among the survey’s findings for the Denver area:
• 50 percent of local residents surveyed said they set aside savings money in the latest month, up three percentage points from December 2010.
• 46 percent rated their overall level of financial security as positive, up 6 points from two months ago.
• 81 percent said they were confident in the ability to pay debts, unchanged from December.
• 87 percent are confident that their house, car and possessions are adequately insured, up 4 points from two months ago.
• 62 percent believe that their family would be able to live comfortably if they died or were disabled, up 3 points from December.
• 60 percent said they expect they will have enough money to enjoy a comfortable retirement, unchanged.
Nationally, “for three years, we’ve seen signs of a holiday financial hangover through a decrease in the Country Index,” Keith Brannan, Country Financial’s vice president of financial security planning, said in a statement.
This year, “Americans appear to be bucking this trend, perhaps because people spent within their means in late 2010,” he said.
The poll is compiled by Rasmussen Reports LLC, based on a national telephone survey of some 3,000 Americans, including 500 in the Denver area.
Country Financial is an insurance and investment firm based in Bloomington, Ill.
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Tags: Denver
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