Not happy or secure

A new Harris Interactive poll finds that just three in 10 Americans (30%) give President Obama positive ratings on the job he is doing on the economy while seven in 10 (70%) give him negative ratings.

When asked to compare their financial situation to last year, 42% feel less secure now while 36% feel just as secure and 19% say they now feel more secure.

“While this reflects the end of a troubling financial year, it also shows an improvement from what people felt last year at this time. One year ago, over half of Americans (56%) said they felt less secure about their financial situation when compared to the previous year,” Harris noted in the survey statement.

The Harris Poll was conducted Dec. 6-12 among 2,331 adults who were surveyed online.

“At the beginning of the year everyone always has the best intentions. Resolutions are made typically about health, diet and/or finances. But, as everyone knows, resolutions are also broken and if they last until the end of January, that’s a great thing. As the year goes on, it will be interesting to see if people are saving more, paying down their debt or cutting back on household spending,” Harris noted.

SURVEY FINDINGS
• One-quarter of Americans (26%) say they expect the economy to get worse in the coming year while 29% expect it to get better and 45% say it will stay the same.

• Last month, more than one-third (34%) said they thought the economy would be getting better, 41% said it would stay the same and 25% believed it would get worse.
The job market

• In looking at the job market, just over one in three Americans (13%) rate the job market in their region of the country as good while 63% rate it as bad and 24% say it is neither good nor bad.

• Looking ahead, one-quarter of U.S. adults (25%) say they expect the job market to be better over the next six months, 22% say it will be worse and 54% believe it will remain the same.

• Looking to what people may be doing with regard to their finances in the coming year, half of Americans (49%) say they will cut back on their household spending. Two in five say they will pay down their level of debt (41%) and save more in the year ahead (40%).

• One in five U.S. adults say they will get rid of one or more credit cards (22%) and save more for retirement (22%) while 13% say they will undertake home improvements that increase the value of their home.

• Less than one in ten will invest in less risky investments (8%), refinance their mortgage (6%) or take out a home equity line of credit (2%). And, one in five Americans (18%) say they do not expect to do anything differently financially in 2011.