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Gallup: Americans' Financial Worry Lowest Since Before Recession

Gallup: “Americans’ financial worry has eased to the lowest level since before the recession. Gallup classifies 53% of Americans as highly or moderately worried about their finances, down from a peak of 61% a year ago, and the lowest since 45% in 2007. The results are based on Gallup’s annual Economy and Personal Finance survey, conducted each April beginning in 2001. As part of the survey, Gallup has asked Americans how much they worry about seven different personal financial matters, including retirement, maintaining their current standard of living, medical costs, housing costs, and paying normal monthly bills. Gallup then creates a Financial Worry Index based on the number of financial matters respondents say they are “very” or “moderately worried” about. Thus, the score ranges from 0 for those who did not worry about any of the matters to 7 for those who worried about all of them. This year, 25% of Americans are worried about six or seven of the seven items — putting them in the “highly worried” category. Another 28% worry about three to five items and are classified as “moderately worried.” The remaining 47% have few financial worries, including 23% who are worried about none of the seven items.”

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