Reflecting the economic volatility Americans have experienced this year, the AICPA’s Personal Financial Satisfaction Index (PFSi) saw its highest-ever quarterly growth in the third quarter of 2020, rising 16.5 points, marking a 99% increase from the last quarter.
In stark contrast, the PFSi experienced in the second quarter its largest-ever quarterly drop, falling 18.5 points, a 55% decline from the first quarter. The PFSi now stands at 33.1, 10.2% lower than it was in the third quarter of 2019.
A marked decline in underemployment was the largest factor behind the PFSi’s quarterly growth. Job openings also increased since last quarter but are 10% lower than they were in the third quarter of 2019. Learn more.