Americans’ Financial Satisfaction Bounces Back with Record Rally: AICPA Index
NEW YORK–(BUSINESS WIRE)–2020 has been an economic seesaw, putting Americans’ personal financial satisfaction through the largest swing in the last quarter century. The AICPA’s Q3 2020 Personal Financial Satisfaction Index (PFSi) measures 33.1, a 99 percent (16.5 point) increase from the previous quarter. This is the largest quarterly increase in the 27-year history of the Index, and a complete reversal from Q2 which saw the Index experience its largest ever quarterly drop.
Sharp Reversal in Underemployment Drives Record Gain in Overall Satisfaction
Two labor market related factors, Job openings per capita and underemployment, had the biggest impact on improving the overall PFSi. The primary factor driving the…