April 17, 2012 (PLANSPONSOR.com) - Confidence
in retirement savings and overall financial security both dropped one point, to
57% and 41%, respectively, according to Country Financial’s Security Index.
The bimonthly survey showed a slight uptick, to 66.2 points
in financial security sentiments—the fourth consecutive increase in financial
security sentiments, the longest in the five years Country Financial has been producing
Improvements in savings and optimism about college funding
helped to drive the overall increase. Of survey respondents, 53% were able to
set aside money for savings, a three-point increase from February, the largest
number able to save since October 2008.
The number of people who expressed confidence in their
ability to send their children to college jumped five points, to 61%.
Despite these gains, Americans seem undecided about the
future of their financial security.
Americans who said their overall level of financial security
was getting worse inched up two points, to 39%.