Money Anxiety Index Dips for the Fourth Consecutive Month

Published: Jul 8, 2014

Photo credit: Tax Credits / Foter / Creative Commons Attribution 2.0 Generic (CC BY 2.0)

The Money Anxiety Index drops for the fourth month in a roll, marking a 0.2 points decrease to 71.3 for July.
The decrease in the index generally shows that due to the significant increases in employment these past few months, consumers have started to feel more confident in the personal finances and the recovering of the economy.
The study shows that when more jobs are added to the market, the consumer confidence increases. In the second quarter of this year, the economy added a total of 793,000 non-farm jobs; 288,000 in April, 217,000 in May and 288,000 in June.
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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.