Despite a tumultuous year marked by a global pandemic, a contentious election and dramatic swings in the financial markets, many Americans report feeling confident about their financial security, although they are also re-evaluating their financial habits and goals as a result of the events of the past year.

Optimism increasing among some

Overall, half of Americans feel good about their financial security despite the major events of 2020, according to Country Financial's November 2020 Security Index Report. Fifty-five percent of respondents rated their financial security positively, and those who feel positive about their financial security also largely felt confident about their ability to retire comfortably, pay for a child to attend college, and pay off debts. The report speculated this positive outlook could be linked to rising savings rates, progress on COVID-19 vaccines, and all-time highs in the stock market.