A 2010 survey conducted by Princeton Survey Research Associates for Bankrate.com showed that even though the economy is statistically on the ups, Americans are feeling a bit on the downs. There have been 12 consecutive months of growth in private sector payrolls and economists have concluded that the recession ended in the first half of 2009 yet Americans are feeling a bit apprehensive about their financial situations. Some of the statistics show how weary Americans still are about the economy and their financial situations.
- 1 out of every 3 (32%) Americans feels their overall financial situation is worse than a year ago
- Over 1 in every 4 (28%) Americans feels their net worth is down from a year ago (not surprising as net worth is highly dependent on home value)
- Over 1 in every 5 (23%) Americans feels less secure about their job than they did in 2009 (also not surprising as 15 million unemployed people still sit in the US and the unemployment rate is at an all-time record since World War II)
- 44 percent of Americans feel less comfortable with their savings than they did a year ago
- 44 percent of Americans still feel the same comfort with their debt as they did a year ago which stems off the Federal Reserves’ statistics from October showing that revolving credit has decreased at an annualized rate of 8.5 percent
Overall Americans are still not very confident with their financial situations. Even so, any person interested in refinancing their home in the near future should think about the following: rates are continuing to climb and are higher and higher each and every week. Rates are predicted to continue on the ascent upwards so now is a better time than ever to refinance and save money and hassle in the long run.
If refinancing is something you want to look into, give us a call at 704.331.3970 or shoot us an email at Nicole.hale@aapexfinancial.net.
No comments:
Post a Comment