NEW YORK (July 26, 2016) – The American Institute of CPAs (AICPA) will release the results of the AICPA PFSi (Personal Financial Satisfaction Index), a quarterly economic gauge that measures the personal financial standing of a typical American, at 7:00 a.m. EDT, Thursday, July 28.
The PFSi weighs a variety of economic factors to calculate the personal financial satisfaction of a typical American. Using both proprietary and normalized U.S. government data, the PFSi is comprised of two component indices that measure positive (Personal Financial Pleasure) and negative (Personal Financial Pain) factors equally. As a point of comparison, the University of Michigan’s monthly Consumer Sentiment Survey, to be released on July 29, questions American households on their financial conditions and attitudes about the economy.
Pleasure factors include the proprietary PFS 750 Market Index, comprised of the 750 largest companies by market capitalization trading on the U.S. market, excluding mutual funds and ETFs. The additional components are the AICPA’s CPA Outlook Index, as well as Real Home Equity Per Capita and Job Openings Per Capita. Pain factors include inflation, personal taxes, loan delinquencies and underemployment.
Additional information on the PFSi can be found at: www.aicpa.org/PFSi.
CPA financial planners and members of the AICPA Personal Financial Planning Division will be available for press inquiries.