A stock market rebound in the first quarter of 2019 increased the average American’s personal financial satisfaction, according to the AICPA’s Personal Financial Satisfaction Index (PFSi).
While the last quarter of 2018 saw the PFSi drop for the first time in two years, the index escalated to a new high of 36.1 in the first quarter of 2019—an 11.3% bump.
The increase was largely driven by an 11.3% gain over the previous quarter in the PFS 750 Market Index, a proprietary AICPA index of the 750 largest companies trading on the U.S. stock market.
Continued job growth also helped, as did sustained lower underemployment and a decrease in loan delinquencies.