Metro Market: Denver

As the year draws to a close, a new COUNTRY survey reveals that more than one-third (34 percent) of Denver residents predict 2010 will be roughly the same for them financially as 2009. This is higher than the 32 percent who think the New Year will be better for their money matters and the 28 percent who say it will be worse.

Residents’ predictions come as their financial security sentiments continue to show modest improvements.The COUNTRY Financial Security Index^® for Denver inched up 0.2 points in December to 69.5. Increased confidence in the ability to save and retire comfortably offset pessimism in college funding. The national COUNTRY Index remained stable in December, slipping only 0.1 point to 66.3.

Polling of Denver residents revealed:

Sixty-four percent are confident they will have enough money to enjoy a comfortable retirement, up four points from October.
There was a two-point increase to 56 percent in the number of residents able to set aside money for savings or investments in December.
Residents grew more pessimistic about college funding in December. Just 64 percent are confident they will have the financial resources needed to send their children to college, down five points since October.
There was a two point dip to 44 percent in the number of residents rating their overall level of financial security as excellent or good.

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