ADA, Okla. — LegalShield released new data today suggesting rising financial instability for consumers nationwide. The company’s December Consumer Stress Legal Index (CSLI) increased for the tenth straight month to 66.7, reaching its highest level since November 2020, and points to a decline in consumer confidence in the coming months. These findings are in contrast to a string of recent positive economic indicators including robust GDP growth, easing of inflation and a strong jobs report, as well as record consumer spending during the 2023 holiday season. The Mastercard Spending Pulse indicates a 3.1% year-over-year jump in holiday spending from November 1 to December 26. LegalShield’s CSLI (formerly the Economic Stress Index) was launched in 2018 and is based on a…
Published Date: 2024-01-23
Source: Financial Post
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