In a recent study made by BankRate.com, it says that most American consumers are not following basic financial disciplines, such as tracking spending and keeping a budget. This, states the report, is only one reason why the Financial Security Index has dropped to its smallest point since March.

The study concludes that the lack of wage growth is one of the largest factors preventing people from paying down debt, accruing savings and moving ahead. Article source at: http://personalmoneynetwork.com/moneyblog/2012/07/30/financial-security/