Confidence in Retirement Savings Drops Slightly

April 17, 2012 ( - Confidence in retirement savings and overall financial security both dropped one point, to 57% and 41%, respectively, according to Country Financial’s Security Index. 

By PLANSPONSOR staff | April 17, 2012
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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 the report.

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%.