While the Market Index and the Job Openings Per Capita Index were the two biggest contributors to the Pleasure Index, the latter has now declined two quarters in a row—the first time in 7 years. (Photo: Shutterstock)
According to the American Institute of CPAs' third-quarter results for its 2019 Personal Financial Satisfaction Index, corporate optimism is declining and CPA executives are turning a tad gloomy.
Still, according to the index, financial satisfaction is lingering near an all-time high, although the potential for it to decline may be increasing.
The PFSi, which includes the Personal Financial Pleasure Index and the Personal Financial Pain Index, reflects people's overall financial satisfaction—which, despite a tight job market, has been retreating. This latest installment is the third decline in the past year.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
