LegalShield June Consumer Stress Index Increases as Consumer Protection Measures Approach Expiration Date
LegalShield, the company that protects and empowers people with tools and services needed to affordably live a just and secure life, today released its June Economic Stress Index, a suite of leading indicators of the economic and financial status of U.S. households and small businesses. The LegalShield Consumer Stress Index, one of five sub-indices, rose in June for the second consecutive month, with the index’s consumer finance component reaching its highest point since June of last year. LegalShield plan members sought assistance with credit reports and repair, vehicle financing, payday loans/title loans, and billing disputes causing The LegalShield Consumer Stress Index to increase (worsen) 1.7 points in June to 61.5.
- The LegalShield Consumer Stress Index, one of five sub-indices, rose in June for the second consecutive month, with the indexs consumer finance component reaching its highest point since June of last year.
- LegalShield plan members sought assistance with credit reports and repair, vehicle financing, payday loans/title loans, and billing disputes causing The LegalShield Consumer Stress Index to increase (worsen) 1.7 points in June to 61.5.
- View the full release here: https://www.businesswire.com/news/home/20210720006036/en/
The LegalShield Consumer Stress Index (Graphic: Business Wire)
While stimulus payments, federal protections, and forbearance programs have kept consumer stress muted throughout the pandemic, financial strain appears to be increasing as government interventions are being phased out, said LegalShield CEO Jeff Bell. - Despite the rise in Consumer Stress, LegalShields Bankruptcy Index remains at its second-lowest reading on record.