Americans are experiencing their highest levels of personal financial satisfaction in more than 10 years, according to the American Institute of CPAs.
The AICPA, which released its Q2 2017 Personal Financial Satisfaction Index on Thursday, said stock market gains, more job openings and a decrease in inflation from the first quarter drove personal financial satisfaction to a high not seen since the fourth quarter of 2006.
The PFSi is calculated as the difference between two component sub-indexes: the Personal Financial Pleasure Index minus the Personal Financial Pain Index. Positive readings indicate that Americans are feeling more financial pleasure than pain.
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Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
