Despite the gradual economic rebound, many Americans still feel less comfortable with their finances now than they did 12 months ago, according to a poll conducted by Princeton Survey Research Associates International. Many are still reeling from the ravages of unemployment, which they do not feel have gone away.
The survey found that age is a big factor: Job security declines with age, and therefore insecurity about finances rise. Also, Baby Boomers who have been laid off have been forced to use their retirement savings, while younger workers are still confident that they'll be able to make up their savings losses before retirement. And of course, many Baby Boomers are finding it harder-and-harder to become employed again.