Personal Financial Planning Section


Personal Financial Satisfaction index (PFSi)


Americans’ financial well-being entering 2020 vs. a decade ago


COMPONENT


PFSi (Pleasure index minus Pain index)


Pleasure index Job openings per capita PFS 750 market index Real home equity per capita CPA Outlook index Pain Index Loan delinquencies Underemployment Inflation Personal taxes * Record-high ** Record-low


© 2020 Association of International Certified Professional Accountants. All rights reserved. AICPA and American Institute of CPAs are trademarks of the American Institute of Certified Public Accountants and are registered in the United States, the European Union and other countries. The Globe Design is a trademark owned by the Association of International Certified Professional Accountants and licensed to the AICPA. 2001-11305


Q4 2009 index values -29.6 36.4 24 47 44 32 66.1 118 84* 38 25 Q4 2019 index values 40.2* 74.9* 81 99* 71 48 34.7 26 30** 35 48


Change in index over decade


69.8 50 38.4 57.6 52.9 26.8 16.4 (31.4) (91.5) (54.2) (3.0) 23.1


Positive readings of the Personal Financial Satisfaction index indicate that Americans’ financial opportunities are expanding faster than the loss of financial well-being.


Negative readings indicate that consumers are likely experiencing financial difficulties.


48


PFS 750 Market Index ................. Job openings per capita ............ Real home equity per capita ..... CPA Outlook Index .......................


99 81 71 48


99


Q4 2019 +40.2


Personal Financial


Pleasure index


74.9 81


71 50 48 35 30 26


Personal taxes ............................. Inflation ........................................ Underemployment ....................... Delinquencies on loans ..............


48 35 30 26


Personal Financial Pain index


34.7


Personal Financial Planning Section


Tracking the Personal Financial Satisfaction index: 2017–2019


10 15 20 25 30 35 40


5 0 2017 Q4 2018 Q1 2018 Q2 2018 Q3 2018 Q4 2019 Q1 2019 Q2 2019 Q3 2019 Q4 38.6 32.6 28.2 27.0 29.0 32.0 38.5 40.2 37.2


© 2020 Association of International Certified Professional Accountants. All rights reserved. AICPA and American Institute of CPAs are trademarks of the American Institute of Certified Public Accountants and are registered in the United States, the European Union and other countries. The Globe Design is a trademark owned by the Association of International Certified Professional Accountants and licensed to the AICPA. 2001-11305


Personal Financial Planning Section


Personal Financial Planning Section


PFSi historical measurement


25.00 35.00 45.00 55.00 65.00 75.00 85.00


History of Pleasure vs. Pain over the last decade


PFSi historical measurement over the last decade


15 25 35 45


-35 -25 -15 -5 5


-45


© 2020 Association of International Certified Professional Accountants. All rights reserved. AICPA and American Institute of CPAs are trademarks of the American Institute of Certified Public Accountants and are registered in the United States, the European Union and other countries. The Globe Design is a trademark owned by the Association of International Certified Professional Accountants and licensed to the AICPA. 2001-11305


© 2020 Association of International Certified Professional Accountants. All rights reserved. AICPA and American Institute of CPAs are trademarks of the American Institute of Certified Public Accountants and are registered in the United States, the European Union and other countries. The Globe Design is a trademark owned by the Association of International Certified Professional Accountants and licensed to the AICPA. 2001-11305


March/April 2020


CPAFOCUS 37


2009-q4 2010-q2 2010-q4 2011-q2 2011-q4 2012-q2 2012-q4 2013-q2 2013-q4 2014-q2 2014-q4 2015-q2 2015-q4 2016-q2 2016-q4 2017-q2 2017-q4 2018-q2 2018-q4 2019-q2 2019-q4


2009-q4 2010-q2 2010-q4 2011-q2 2011-q4 2012-q2 2012-q4 2013-q2 2013-q4 2014-q2 2014-q4 2015-q2 2015-q4 2016-q2 2016-q4 2017-q2 2017-q4 2018-q2 2018-q4 2019-q2 2019-q4


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