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Metro Market: Chicago
After record-setting lows in April, Chicagoans are feeling significantly more upbeat about their finances in June. The local COUNTRY Financial Security Index® rebounded 3.5 points to 65.5. The spike was driven by increased confidence in all aspects comprising Chicagoans’ financial security and makes Chicago residents more upbeat about their money matters than Americans nationally. The national COUNTRY Index remained stable in June, dipping 0.1 points to 64.8.
Polling of Chicagoans also revealed:
- Those confident they will be able to enjoy a comfortable retirement jumped 10 points to 61 percent.
- Forty-two percent currently rate their financial security as excellent or good, up eight points from April
- Sixty-three percent are confident their families would be able to live comfortably if they died or were disabled, a seven-point increase from April
- Seventy-four percent currently say they are able to pay all debts as they come due compared to 67 percent in April.