AICPA to Release Quarterly Economic Gauge of Average Americans’ Finances on Thursday, January 14

PFSi (Personal Financial Satisfaction Index) measures the financial pleasure and pain of typical American households

January 12, 2016

NEW YORK (Jan. 12, 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. EST, Thursday, January 14. 

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, released next on January 15, 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.