As we are about to engage in the American tradition of celebrating the labor movement and the prosperity that hard work can bring, it appears we have finally punched through the cloud of financial gloom that followed the great recession, at least when it comes to the state of personal finances.
According to the Q2 2017 AICPA Personal Financial Satisfaction Index (PFSi), Americans are experiencing their highest levels of personal financial satisfaction since the fourth quarter of 2006. The 10-year high was primarily driven by three factors:
- the PFS 750 Market Index maintaining a record-high
- job openings per capita climbing to a record-high, and
- a significant decrease in the inflation measure from the prior quarter.
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