WASHINGTON (4/2/13)--More than half of Americans worry about how little they have in savings, according to results of the 2013 Financial Literacy Survey by the National Foundation for Credit Counseling (NFCC) and the Network Branded Prepaid Card Association (NBPCA).
The survey results provide credit unions with an opportunity to build trust through financial outreach programs during April, which is Financial Literacy Month.
In its seventh year, the survey annually provides data and trending around Americans' attitudes and behaviors related to personal finance.
"While consumers moving out of recession mode and becoming more comfortable with spending is positive for the nation's economy, they need to be mindful of the fact that increasing spending without a safety net in the form of savings could have a negative impact on their personal economy," said Susan C. Keating, NFCC president/CEO.
Respondents were asked which areas of personal finance currently worry them the most and were allowed to select multiple responses. Top areas of concern included:
The good news is that 20% of U.S. adults indicated they do not have any financial worries, a strong sign of consumer confidence, NFCC said.