User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


11° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Financial Insecurity

August 22, 2011, 10:01 PM by Angela Kennecke

Financial Insecurity
SIOUX FALLS, SD - Americans are feeling pretty financially insecure right now. Even in KELOLAND, where we aren't hit by the economic highs and lows, consumers just don't feel confident especially with the policy makers in Washington.

More people than ever are simply feeling bad about almost every area of their finances, from job security to savings to net worth, to their overall financial security.

“Of course I'm worried about it. It's human nature to be worried. But we just dropped our first child off at college too, so we have those concerns," Steve Chuk said.

According to Bankrate.com's Financial Security Index, nearly half of Americans say they're less comfortable with their savings compared with a year ago. And one-third of Americans say their financial situation is worse than a year ago.

"It is really tough right now because people all over, the stock market is going down, and unemployment is the same. It's really tough for people and consumer confidence is low right now," Moe Lavoie said.

And ask them who they blame for the current economic situation and the answer seems to unanimously be, "Washington."

"Fire the politicians. Somebody is running off with our money and who is it?" Rob Thiry said.

"I think that if the politicians would stop and listen to what the American people would like them to do and just go with capping and balancing the budget, then we could have some security again," Chuck said

Still a majority of people feel nearly the same about their financial situation as a year ago and some feel even better.

"I think everyone is still pretty cautious, but I think things are getting better and stronger and I see us continuing upswing, rather than a downswing; so hopefully optimistic," Holly Swedeen said.

With the big drop in the stock market, it's no surprise that three out of 10 Americans say their net worth is lower than last year. More people also feel less secure about their jobs.

Previous Story

Next Story


Comments







Sponsored
Find Local Businesses on KELO Pages!

You may also like

Dominic Fischer Found Dead During Search

12/17/2014 12:07 PM

Searchers discovered the body of Dominic Fischer in a field on Wednesday.

Full Story
Alexis Vanbochove Has Passed Away

12/17/2014 10:47 AM

According to her family, 4-year-old Alexis Vanbochove passed away early Wednesday morning.

Full Story
Grain Bin Collapses In Britton

12/14/2014 5:55 PM

A grain bin in Britton, SD collapsed this afternoon. No one was injured.

Full Story
A Super Hero Send-Off

12/11/2014 10:05 PM

Most of us don't have any idea how long we have to live and that may be a good thing. But a Sioux Falls seventh grader knows his days are num...

Full Story | Watch
Don't Jerk And Drive Campaign Pulled

12/11/2014 8:51 PM

A new ad campaign aimed at keeping drivers safe on South Dakota roads, received a bigger negative response than expected.

Full Story


Events