This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Americans Express Overwhelming Confidence In Their Own Financial Decision-Making Ability But Remain Concerned About The Economy

WASHINGTON, Nov. 22, 2013 /PRNewswire/ -- Most Americans feel well-equipped to make important financial decisions, but significant numbers worry they are making less progress than they should toward reaching financial goals, according to poll results announced today by The Allstate Corporation (NYSE: ALL) and National Journal. In the wake of challenging financial times, new data from the quarterly Allstate/ National Journal Heartland Monitor Poll reveals that five years after the economic crash, most Americans believe the country remains in the grips of a recession and express limited confidence in most major institutions, with many people skeptical about investing in the stock market. Instead of what are perceived as riskier investment strategies, Americans are relying more on their own understanding of financial planning, paying off debt, putting away savings, and seeking out friends or family for advice.

Americans of all political stripes believe the recent federal government shutdown and national debt have negatively impacted them on a personal level. Three in four (73 percent) say the debt and deficit have directly affected their personal financial situation, a sentiment shared across party lines. Among those feeling personally affected, a third (33 percent) believe the main result will be to raise their taxes, and a quarter (26 percent) feel it will mean fewer opportunities for them to get jobs and increases in pay.

Though most Americans (58 percent) believe participating in the financial system is the safest and most reliable way to provide a secure financial future for their families, a substantial percentage (35 percent) worry the system is too volatile, complicated, and unreliable to provide a secure future. Americans believe the economy is struggling, with more than half (53 percent) saying the U.S. remains in the grips of a recession, and few believing economic improvements are on the horizon. 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs