Saltarello

LegalShield Data Reveals Mixed Consumer Experience: High Bankruptcy, Lower Stress

Retrieved on: 
Mardi, février 20, 2024
Personal Finance, Finance, Consulting, Professional Services, Legal, Federal Reserve Bank, Consumer confidence index, Saltarello, Analytic function, Great Recession, Multimedia, SVP, CSLI, Overalls, LegalShield, Index, Conference, Data, Bankruptcy, Global recession, Millennials, Cryptocurrency

LegalShield released its January Consumer Stress Legal Index (CSLI) showing a slight decline in overall stress, but a nearly 4-year high in bankruptcy inquiries.

Key Points: 
  • LegalShield released its January Consumer Stress Legal Index (CSLI) showing a slight decline in overall stress, but a nearly 4-year high in bankruptcy inquiries.
  • View the full release here: https://www.businesswire.com/news/home/20240220544582/en/
    LegalShield’s primary index, the Consumer Stress Legal Index, declined 3.2 points to 63.5, principally due to a seasonal decline in overall consumer finance inquiries.
  • “Our data bucks prevailing wisdom: While we saw the expected seasonal easing of consumer stress felt by our members, we just posted a post-pandemic record for bankruptcy inquiries,” said LegalShield CEO Warren Schlichting.
  • LegalShield receives approximately 150,000 contacts each month from consumers seeking legal help in more than 90 areas of law, including key consumer issues.