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Money Anxiety Index shows consumer financial anxiety has improved — slightly

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Conflicting media reports about the U.S. job market and unknown fallout from financial crises abroad are contributing to consumers’ level of financial worry and stress, according to a monthly pulse check of consumer confidence. The Money Anxiety Index, a survey of consumers’ financial confidence based on their spending and savings patterns, shows only a slight improvement in the level of consumers’ financial anxiety. The index decreased .01 to 64.8 for July, indicating cautiously more confident consumers. According to the index, consumers are only cautiously more confident because of a dichotomy in reported economic news. Although the United States added 223,000 new jobs in June, many people are worried that financial crises in Greece and Puerto Rico may impact America’s economy. The Money Anxiety Index - preliminary for July 2015. Consumer confidence has been shaky for most of this year, according to the index. In January, the index increased 2.1 points, refle...