Americans are feeling better about their finances than they were a year ago, according to new data from the COUNTRY Financial Security Index.

The Index, which is a bi-monthly measure of Americans' sentiments toward their overall financial security, inched up 0.8 points to 65.9 in August, after slipping 1.1 points in June. A year ago, the Index reached its lowest reading ever at 62.4.

The Index is an aggregate of various factors comprising financial security, including savings and investments, financial planning, retirement, education and asset protection.

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