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If the answer is no, you are not alone. A new survety by finds that nearly one in four homeowneres do not have a financiapl cushion to fallback on. And that worrieas many people. Those who say anxiett over job stability was a top concern rose to 29 percent in the first quarter from 21 percengt since thefourth quarter. And while 60 percenrt of respondents want to increase theirr savings whilereducing debt, less than a quartedr have actually done so. Those who are trying to save are takinfgdrastic measures, the survey found. Since last one-third of homeowners said they have had family or friendw move inwith them, and 42 percent are spending less on theit children.
About two in five say they are budgetingf more or buying more of only what they while 30 percent say they are learninf how to better manage theif budgets ontheir own. Meanwhile, homeowners are waiting for the economh to improve to make amajof purchase: 30 percent say the firsty purchase they will make will be for home improvement; 18 percentt say they will buy an automobiler and 13 percent say they will take a vacation. Wella Fargo said the latest survey, conducted by Ipsoes Marketing, polled 1,565 homeowners Marcb 23-31.
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