Money Anxiety Index Dips for the Fourth Consecutive Month
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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