WASHINGTON (CNN) – Americans are losing confidence in their ability to keep their current standard of living, a new national poll indicates.
Thirty-nine percent of people questioned in a CNN/Opinion Research Corporation survey released Thursday morning say they're very confident they'll be able to maintain their standard of living over the next year. That's down 6 points from last year.
Half of all homeowners with a mortgage say they are very confident that they can continue to meet their mortgage payments, but that is also down, by 8 points, since last year. Americans' confidence in their ability to pay other debts, such as credit cards and car loans, has also dropped in the past year.
And there is much less confidence in being able to save for specific goals. Only one in four parents of children younger than 18 say they are very confident in their ability to pay for college. And only one in five Americans who have not already retired say they are very confident in their ability to save enough to retire comfortably.