TheAICPA will release the next quarterly results of theAICPAPFSi(Personal Financial Satisfaction Index), the economic gauge that measures the personal financial standing of typical Americans, at 7:00 a.m. EDT, Thursday, July 16.
ThePFSi measures a variety of economic factors to calculate the personal financial satisfaction of a typical American. Using both proprietary and normalized U.S. government data, thePFSiis comprised of two component indices that measure positive (Personal Financial Pleasure) and negative (Personal Financial Pain) factors equally. In comparison, the University of Michigan’s monthly Consumer Sentiment Survey, released on July 17, 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.
For more information on thePFSi, head to the AICPA's site here.