Markets & Economy

Consumer ‘money anxiety’ drops, willingness to take on debt rises

Behavioral finance index indicates good things for the real estate industry

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Takeaways: Compared to the beginning of this year, consumers are less financially stressed, which bodes well for home sales activity moving forward. Consumer anxiety dropped by 0.1 point to 66.9 in August. The main reasons for the decline in financing anxiety are the improving labor market, the prospect of future employment in higher-paying jobs and a rise in current earnings. Compared to the beginning of this year, consumers are less financially stressed, which bodes well for home sales activity moving forward. Consumer anxiety dropped by 0.1 point to 66.9 in August, according to a Money Anxiety Index compiled by Dan Geller, a behavioral finance expert. For context, since January 2015 the index has declined by 5 points and dropped by 7.1 points since August 2014 -- mirroring the decline in the unemployment rate. The main reasons for the decline in financing anxiety are the improving labor market, the prospect of future employment in higher-paying jobs and ...