Americans Feeling Secure About Their Jobs
CREDIT: Job Search Image via Shutterstock
Americans are feeling pretty secure in their current jobs, new research shows.
A survey from COUNTRY Financial found that 79 percent of U.S. employees feel they aren't likely to lose their jobs in the next 90 days, up 9 percentage points since the throes of the recession in 2009.
Among those who are concerned about their standing in the office, nearly two-thirds feel the economy or government policy have the biggest impact on their job security.
Those in the $20,000 to $40,000 income bracket are particularly concerned about job security, with 13 percent feeling it's likely they could be out of work in the next three months.
Many in that income bracket also said they’re not expecting raises in the next year. Just 19 percent of them expect to earn more money a year from now, compared to 36 percent of all employees.
"Given so few expect a salary increase, Americans in this income bracket might understandably be finding it hard to prioritize emergency savings," said Joe Buhrmann, manager of financial security support at COUNTRY Financial. "However, when it comes to job security, it’s crucial to have a financial cushion."
Despite saying they feel secure, more than half of those surveyed are acknowledging the possibility of losing their job at some point by putting a priority on creating an emergency savings fund.
The study shows 53 percent of employees would need six months or more of their salary in an emergency savings fund to feel comfortable.
Additional information can be found in the infographic below composed by COUNTRY Financial.
The research was based on surveys of more than 1,200 U.S. employees.