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Metro Market: Phoenix
After improving in April, Phoenix residents’ sentiments about their money matters remained stable in June as the local COUNTRY Financial Security Index® ticked down just 0.1 points to 66.1. A significant increase in the number of residents rating their financial security as excellent or good was offset by declining confidence in the ability to save.
Phoenix residents remain more upbeat about their money matters than Americans nationally. The national COUNTRY Index also remained stable in June, dipping only 0.1 points to 64.8.
Polling of Phoenix residents also revealed:
- Nearly half (49 percent) rate their overall level of financial security as excellent or good, a 12-point jump from April.
- Eighty-six are confident their house, car and possessions are adequately insured, a five point increase from April.
- However, the number of residents able to save recently dropped nine points in June to 41 percent.