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February 2013 Financial Security Index Charts

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Bankrate's monthly survey of six questions measures how secure Americans feel about their personal finances compared to 12 months ago. From Feb. 7-10, 2013, telephone interviews (on landlines and cellphones) with 1,004 adults living in the continental U.S. were conducted by Princeton Survey Research Associates International. The results of Bankrate's Financial Security Index have a margin of error of plus or minus 3.5 percentage points. This month, the index decreased to 96.8, 1.8 points less than January 2013.

Highlights:

  • 60% of men and 49% of women say they have more in savings than in credit card debt.
  • 29% of parents with children younger than 18 have more money in credit card debt, compared to 21% of people without young children.
  • 67% of people making at least $75,000 a year have more savings than credit card debt, while just 41% of those making less than $30,000 report the same.

Financial Security Index

Highlights:

  • 34% of Republicans feel less job security today, compared to 20% of Democrats and 20% of Independents.
  • 21% of Southerners feel more job security, but just 12% of Midwesterners feel the same way.
  • 22% of men without children younger than 18 feel more job security -- almost double the 12% of their women counterparts.

Highlights:

  • 6% of rural respondents are more comfortable with their savings, compared to 15% of those in cities and suburbs.
  • 8% of those making less than $30,000 a year are more comfortable with their savings, compared to 17% of earners making more.
  • 19% of college grads are more comfortable with their savings, compared to 15% with some college experience and 10% with a high school diploma at most.

Highlights:

  • Just 9% of Northeasterners feel more comfortable about their debt, compared to 22% of the rest of the country.
  • 19% of college grads are less comfortable regarding their debt, compared to less than 26% of those less educated.
  • 26% of people younger than 65 are less comfortable with their debt, while 17% of those at least 65 feel the same.

 

Highlights:

  • 23% of suburbanites say their net worth has shrunk, compared to 15% of city-dwellers.
  • 29% of men and 22% of women report higher net worth.
  • 27% of Republicans say their net worth has shrunk, versus 13% of Democrats and 19% of Independents.

Financial Security Index Bankrate.com

Highlights:

  • 33% of college graduates say they're better off today, more than the 19% without a college degree.
  • 33% of black respondents say they're better off today, compared with 21% of Caucasians.
  • 37% of Republicans and 29% of Independents say they're worse off today, with 20% of Democrats agreeing.

 

Bankrate.com Financial Security Index

Bankrate's Financial Security Index gauges how Americans feel today versus a year ago on vital financial matters. An index value of less than 100 indicates declining levels of financial security; a value greater than 100 reveals higher levels of security compared to 12 months ago.

Copyright 2013, Bankrate Inc.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.83% dw 3.86%  
15 Y Fixed Graph 2.95% up 2.94%  
30 Y Fixed Jumbo Graph 4.27% up 4.24%  
5/1 ARM Graph 3.13% up 3.05%  
5/1 Jumbo ARM Graph 3.77% up 3.70%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.40% up 4.38%  
$50K HELOC Graph 4.07% up 4.06%  
$30K Loan Graph 4.54% dw 4.56%  
$50K Loan Graph 4.20% -- 4.20%  
$75K Loan Graph 4.20% -- 4.20%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 3.07% dw 3.08%  
36 M Used Graph 3.29% dw 3.30%  
48 M New Graph 3.05% dw 3.06%  
48 M Used Graph 2.96% up 2.87%  
60 M New Graph 3.13% dw 3.14%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.37% up 0.36%  
1 yr Graph 0.61% -- 0.61%  
5 yr Graph 1.44% dw 1.48%