Americans Feeling More Financially Secure, But Many Significantly Underestimate Healthcare Costs, Life Insurance Needs and Longevity, Financial Engines Study Shows

SUNNYVALE, Calif.--(BUSINESS WIRE)--Nearly half of Americans feel more financially secure today compared to five years ago, but this security can mask blind spots that could undermine their long-term financial health, according to a new survey from Financial Engines (NASDAQ: FNGN), America’s largest independent investment advisor.1 The survey found that nearly half (47.3 percent) of Americans said they felt “somewhat or much more secure” about their finances compared to five years ago. However, just eight percent of those respondents – and six percent of those Americans surveyed overall – were able to pass a quiz about a broad range of financial decisions they most likely will need to make during their lives.