Financial Security Index
November 22, 2016

Fifty-two percent of those surveyed say they’re willing to take on some level of debt for holiday purchases.

October 24, 2016

When it comes to finances, kids tend to think big and beyond reality.

Women and money in a man’s world

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Women report feeling less financially secure than their male counterparts in latest COUNTRY Financial® Security Index survey

For centuries women have fought for a just and more equal world. They’ve aimed for changes in government, education, employment, family life and more. Yet in spite of the numerous advances and societal progress they’ve carved through their efforts, there are areas where they continue to lag such as personal finance. This is true especially in terms of their confidence with personal money matters.

June 2016 FSI (2)

This struggle is reflected in the latest COUNTRY Financial Security Index® suvey where we found 41 percent of American men polled believe their level of financial security is, “good,” compared to 37 percent of women.

Among minorities, the level of confidence decreased even further. See the chart below:

Chart

Apart from current sentiment about their financial states, we also discovered most women’s optimism about the future is a bit lower compared to men. Men seem to be more convinced or they at least tell themselves they will have a bright financial future.

“Women don’t feel nearly as confident as men do when it comes to certain things such as setting money aside for savings or investments,” said Erin Klein, Supervisor of COUNTRY Capital Management Company Sales and Business Solutions. “Women have so many hurdles and that could be why they also have a bleaker outlook about their insurance coverage and towards their ability to pay their bills as they come due.”

  • Thirty-two percent of men think their financial security is getting better
  • About one in four, or 25 percent of women think their situation is improving
  • Leaving close to three in four, (76 percent) with no hope for a brighter tomorrow

Help is here

Male or female, if you don’t think you’re on the best financial track you can be, now would be a good time to assess your needs and refocus your plan.

  • Evaluate your monthly expenses, determine areas where you’re falling short
  • Find areas where you can cut back, then reduce these expenses
  • Open an IRA or make sure you’re maxing out your IRA
  • Contribute to your employer sponsored retirement plan
  • Consider a college savings plan

Rule of Thumb

Make sure you’re doing everything possible to maximize your savings and live within your means. Achieving a greater sense of financial security can give you the gumption to really get there. Just have confidence.

If you like what you hear here, follow us on Twitter @helloCOUNTRY.

May 16, 2016

Those working in retirement are less likely to be living the retirement they’ve always dreamed of. In our latest COUNTRY Financial Security Index (CFSI) survey we discovered 67 percent of fully retired Americans are living it up in their golden years – while only 49 percent of those still clocking in and out on a part-time basis can say the same. The truth about retirement: 59 percent of those fully retired do not have enough money to pay for the things they’d like Basic cost of living expenses are higher than expected for 18 percent of those fully retired 27 …

April 18, 2016

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April 12, 2016

Married couples and singles at odds with how they handle their dollars More Americans seem to be taking charge of their personal finances according to the latest COUNTRY Financial Security Index (CFSI) survey. In the questionnaire, COUNTRY Financial® gauged levels of financial order through nine questions about Americans’ knowledge of their overall financial picture. We found positive trends in the following areas: Americans’ budgeting abilities Debt management Savings habits Tax filing preparation Online password protection The biggest, unexpected discrepancies in the survey were found when comparing the financial wellness of married individuals and singles. It seems those who’ve tied the …