While Consumer Confidence Drops, LegalShield’s Consumer Financial Stress Index Continues To Find Household Finances And The Economy Healthy
The divergence over the last few months between Consumer Confidence and the LegalShield Consumer Financial Stress Index shrank markedly in December. The
"Although high consumer debt levels and a 10-year low in the personal savings rate are potential early indicators of future financial stress,
Another component of the LegalShield Law Index — the LegalShield Housing Activity Index, a leading indicator of housing starts — suggests that housing construction will likely remain subdued over the near-term. The Housing Activity Index decreased (worsened) 2.2 points to 109.7 in December, as both the foreclosure and real estate components weakened. The index was essentially unchanged in 2017, but remains elevated by historical standards. Housing starts jumped to a seasonally adjusted annualized rate of 1.30 million in November, the highest level in over a year.
"The movement in housing is consistent with
Debuting in May, the LegalShield Law Index is made up of five indices: the LegalShield Consumer Financial Stress Index, LegalShield Housing Activity Index, LegalShield Bankruptcy Index, LegalShield Foreclosure Index, and LegalShield Real Estate Index. Each index depicts the health of the
Additional predictive takeaways based on the data through December:
- The LegalShield Real Estate Index, a leading indicator of existing home sales, suggests that home sales are unlikely to maintain the robust growth experienced in November — though sales could pick up in 2018 if the growth in home prices slows.
- The LegalShield Bankruptcy Index, a leading indicator of monthly bankruptcy filings, continues to suggest that bankruptcies will remain subdued in the near term.
- The LegalShield Foreclosure Index, an advance measure of foreclosure activity, suggests that foreclosures should remain subdued in the short term.
The five
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