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Overall Financial Security Sentiment Remains Strong, But Feelings Toward Job Security Dip

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Overall Financial Security Sentiment Remains Strong, But Feelings Toward Job Security Dip

The financial security of Americans' continues to improve, according to Bankrate's Financial Security Index.

For the 26th month in a row, the Bankrate Financial Security Index, which surveys individuals' sentiments toward debt, savings, job security, net worth and overall financial situation, "shows Americans' sense of financial well-being continues to improve," according to Bankrate.

Related Link: Millennials Want A 10.2% Return On Investments, But With Little-To-No Risk

"That's even though feelings of job security dropped a bit this month, despite a strong June employment report that was released the week our survey was conducted," said Greg McBride, Bankrate's chief financial analyst.

While the overall sense of job security remained improved over the last year, the results were "not as glowing as those seen in recent months."

The survey also found that real estate is the top investment choice for Americans, followed by cash investments such as CDs and savings accounts. Investing in the stock market, gold and other precious metals all tied in third.

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Posted-In: Bankrate Greg McBridePsychology Economics Media Personal Finance General Best of Benzinga

 

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