856-256-1490 | ckm@taxproblemssolved.com

Schedule your free consultation today
  • Home
  • Services
    • Tax Resolution
    • Help with Your IRS Audit
    • Filing Prior Years Return
    • Owing the IRS Money
    • Behind on Payroll Taxes
    • When Your Spouse Owes the IRS
    • Leave a Reply
  • I need help with…
    • Filing Prior Years Return
    • Responding to an IRS Letter
    • Paying Past Due IRS Taxes
    • My (Former) Spouse’s Tax Mess
    • A Payroll Tax Problem
    • A State Tax Problem
    • Going through an IRS Audit
    • Getting Information About My Case From the IRS
    • Bankruptcy and My Tax Debt
  • Resources
    • Resources
    • Mobile Accounting
  • Testimonials
  • Blog
  • About us
    • About Us
    • Send Us Your Referrals
  • Contact
  • Home
  • Services
    • Tax Resolution
    • Help with Your IRS Audit
    • Filing Prior Years Return
    • Owing the IRS Money
    • Behind on Payroll Taxes
    • When Your Spouse Owes the IRS
    • Leave a Reply
  • I need help with…
    • Filing Prior Years Return
    • Responding to an IRS Letter
    • Paying Past Due IRS Taxes
    • My (Former) Spouse’s Tax Mess
    • A Payroll Tax Problem
    • A State Tax Problem
    • Going through an IRS Audit
    • Getting Information About My Case From the IRS
    • Bankruptcy and My Tax Debt
  • Resources
    • Resources
    • Mobile Accounting
  • Testimonials
  • Blog
  • About us
    • About Us
    • Send Us Your Referrals
  • Contact

The Personal Financial Satisfaction Index (PFSi)

December 3, 2020 In Personal Development
Tweet
Share
Share
Pin

How happy are you with your financial situation right now?  In other words, do you feel personal financial pleasure or pain when it comes to your financial standing?

That is what the Personal Financial Satisfaction Index strives to measure for the typical American.

The PFSi is a quarterly economic indicator created by the American Institute of CPAs. This specific economic indicator weighs a variety of economic factors to calculate the financial standing of a typical American. These financial standings are only computed at a high level.

The main agenda of the PFSi is to calculate the difference between two component subindexes: the Personal Financial Pleasure Index and the Personal Financial Pain Index.  These two subindexes are each created of four, equally weighted proprietary and public factors, which ultimately measure the growth of assets and opportunities in the case of the Pleasure Index, as well as the erosion of assets and opportunities in the case of the Pain Index.

In other words, positive scores of the PFSi indicate that Americans are feeling personal financial pleasure. Negative scores, obviously, indicate that Americans are feeling personal financial pain. It might sound like a subjective emotional measure, but it’s not at all; it’s based on government statistics as well as proprietary AICPA data.

The PFSi has been mostly increasing from the third quarter of 2011 to the fourth quarter of 2019. Since then it has dropped dramatically. With the current pandemic still in place, unemployment and other economic factors have contributed to the drop in the index.  You can use the score as a measure against your own financial security and for planning purposes.

Read more about the index here: https://www.aicpa.org/interestareas/personalfinancialplanning/community/pfsi.html

Or reach out to us and we’ll be happy to answer any questions.

Tweet
Share
Share
Pin

Monthly Archives

Categories

  • Accounting (23)
  • Accounting Software (2)
  • Blog (7)
  • Bookkeeping (2)
  • Bookkeeping Tips (5)
  • Business Development (14)
  • Business Financial Planning (1)
  • Business Growth (11)
  • Business Tips (61)
  • Cool Tech Tools (13)
  • Cost-Saving Tips (1)
  • Customer Service Tips (6)
  • cybersecurity (1)
  • Decision-Making Tips (3)
  • Expense Reduction Tips (3)
  • Management Tips (10)
  • Marketing Tips (1)
  • Payroll Tips (3)
  • Personal Development (4)
  • Profitability Tips (12)
  • Profits (1)
  • Tax (4)
  • Time Management Tips (4)

Sitemap

  • Home
  • Services
  • Resources
  • Blog
  • About Us
  • Contact

Contact Us

Tax Resolution Services

TaxProblemsSolved.com

429 Woodbury Glassboro Road
Sewell, New Jersey 08080

856-256-1490 | ckm@taxproblemssolved.com

Client Portal Login

Schedule your free consultation today

American Society of Tax Problem Solvers
Winner of the Top Practitioner Award from the American Society of Tax Problem Solvers

Enter your email below and get FREE special reports on how to deal with tax problems!

 
  • How to End IRS Problems Forever
  • How to End IRS Tax Problems
  • Do I Need to Hire a Professional?
  • What the IRS Never Told You
  • Solving Payroll Tax Problems
  • Have Your IRS Lien Withdrawn and Improve Your Credit Score
  • And many industry-specific reports to help you with your tax problems

Lists*

Copyright TaxProblemsSolved.com 2020 | Site Design by Accelerator Websites