2021: The Year We Take Back Control

Last year brought a lot of uncertainty. We faced a pandemic, natural disasters, and a historic election. It’s no surprise Americans were feeling uneasy about their financial futures. 

Feeling good about money

More than 6 in 10 Americans are feeling good or excellent about their financial security and are able to set aside money for savings and investments.  

COVID-19 having little impact on financial security 

Just 2 in 10 Americans say COVID-19 has negatively impacted their financial security in the past year. 

Have we turned the corner?

Our most recent COUNTRY Financial Security Index survey1 makes it feel that way. Americans report feeling much more positive about their personal financial outlook than at any other time in the past five years.

Feeling good about money

More than 6 in 10 Americans are feeling good or excellent about their financial security and are able to set aside money for savings and investments. 

COVID-19 having little impact on financial security

Just 2 in 10 Americans say COVID-19 has negatively impacted their financial security in the past year. 

People are ready to spend

Our survey found people who feel COVID-19 is under control are ready to make up for what they missed out on last year— like traveling. In fact, 2 in 3 Americans tell us they’re making big spending plans for the summer. 

Do this before you spend

Eager to make a big splash with a vacation, home renovation, or other big purchase? Before you do, ask yourself these three questions. 

1.  Is my savings nest egg where I want it to be?

If not, consider putting a little more away before you book that next vacation. Aim for saving three to six months’ worth of your expenses. 

2.  Could I increase my retirement savings?

If you’re in a good position to do so, consider increasing how much you set aside per month or year for retirement. This is where checking in with a professional could help make sure you’re on track to reaching your goals. 

3.  Do I have a good handle on my spending?

A budget is a great way to help make sure you continue to save, and it can help you feel better about your spending choices. This budget calculator is a good place to start.

We're here to help

Navigating your financial goals alone can feel overwhelming. We offer complimentary planning services to help make sure you’re on track. We can meet with you over the phone, on a video call or in person— whichever you prefer! 

More resources

The COUNTRY Financial Security Index survey has measured Americans' feelings about their personal financial security since 2007. Surveys are conducted using Ipsos' KnowledgePanel®— a national, probability-based panel, designed to be representative of the general population and includes responses from approximately 1,330 U.S. adults for national surveys. The margin of sampling error for a survey based on this many interviews is approximately +/- 3.2 percentage points at the 95% confidence level.  See the full results.

1The COUNTRY Financial Security Index® survey of 1015 U.S. adults, fielded by market researcher Ipsos.