Higher savings rates and increased confidence in their ability to repay debt
have helped bolster Americans’ financial optimism to a two-year high, according to a new survey by Country Financial.
The Country Financial Security Index rose for the thirds consecutive month, up one point to 65.8. The reading was the highest since December 2009, Country Financial said.
Approximately half of Americans surveyed said they were able to earmark money for savings
, while 80 percent said they are confident in their ability to pay debts, the highest reading since October 2008, the survey said.
Meanwhile, ratings in overall financial security rose two points to 41 percent, while confidence in the ability to retire comfortably
increased three points to 58 percent.
"It's been a while since Americans were feeling this optimistic,” said Keith Brannan, vice president of Financial Security Planning at Country Financial. “Steady improvements since September could signal people are breaking the recession mindset.”