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saving money

Cautiously Optimistic: Americans are Feeling Better About their Finances, but Regrets and Concerns Persist

After a downward trend in feelings of financial security in the first half of 2023, Americans are starting to feel relief. A new survey from Country Financial found that Americans’ levels of financial security are improving. Nearly 6 in ten Americans (59%) rate their level of financial security as excellent or good, a 5-point increase from Q2 2023.

New Country Financial Survey: As Levels of Financial Security Decline, Americans are Keeping Cash on Hand and Putting Money in Low-Risk Funds

A new survey from Country Financial finds the economy continues to have a negative impact on Americans’ finances. The number of Americans who rate their level of financial security as excellent or good declined by 5 points since Q4 2022.

Additionally, Americans are setting aside less money for savings or investments (53%) and feel less confident in their ability to enjoy a comfortable retirement when the time comes (56%) compared to Q1 2023 (55% and 60%, respectively).

Americans are making financial decisions to withstand the current economy such as:
70% plan to keep cash on hand

Things you can do to weather the affects of inflation

A recent COUNTRY Financial survey revealed about 9 out of 10 (88%) of Americans are concerned about inflation, and rightly so. In October, annual inflation hit a 30-year high. According to the survey Americans plan to alter their spending habits and lifestyle choices and even postpone costly plans that they’ve been making.

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