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Metro Market: Minneapolis/St. Paul
As the year draws to a close, a new COUNTRY survey reveals more than one third (38 percent) of Twin Cities residents predict 2010 will be roughly the same for them financially as 2009. This is higher than the 28 percent who think the New Year will be better for their money matters, and the one-quarter who say it will be worse.
Residents’ predictions come as their financial security sentiments continue to show modest improvements. The local COUNTRY Financial Security Index® for Minneapolis St. Paul rose 0.6 points in December to 70.3 as residents grew more confident in their ability to save and send their children to college. The national COUNTRY Index remained stable in December, slipping only 0.1 point to 66.3.
Polling of Minneapolis-St. Paul residents revealed:
- Fifty-nine percent were able to set aside money for savings or investments in December, the second consecutive increase in the number of residents able to save and up four points from October.
- There was a three-point increase to 62 percent in the number of residents confident they will have the financial resources needed to send their children to college.
- However, there was a four-point drop to 44 percent in the number of residents rating their overall level of personal financial security as excellent or good.