ST. LOUIS, Mo. (KMOX) — The debt ceiling, employment taxes going up, and continued arguments over federal spending. How are St. Louisans feeling about their financial security?
The latest COUNTRY Financial Security Index® survey finds just 28 percent of people living in the St. Louis-area think the old, per-recession economy will return. More than half of those residents (56 percent) don’t expect to see it return until 2015 or later.
“They asked the question, what would make them more financially secure given the overall economy right now,” Troy Frerichs senior investment officer at COUNTRY Financial continues. “25 percent said that lower national debt would make them feel more financially secure.”
The survey also found that 65 percent have permanently changed the way they manage their finances as a result of the current economy, including 34 percent who have cut spending. Still he says 62 percent are somewhat confident they can still meet their financial needs and goals.