February 2013 Financial Security Index Charts
Published February 25, 2013
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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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'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.