A majority of Americans are concerned about the “financial protection” of their families, according to a new survey by Ipsos Public Affairs, a global market-research company. The survey was sponsored by New York Life Insurance Company, which launched an index this month called the Personal Protection Index to help Americans measure their level of financial protection.
More than half of the respondents, 53%, reported that they are financially under-protected in terms of savings, emergency funds and life insurance coverage. Almost one in five, 19%, believed they were severely under-protected.
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