This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CBA And AOL Finance Optimism Index Shows How Unemployment, Gas Prices And The Government Affect Consumers’ Outlook On Personal Finances

Research from the Finance Optimism Index launched today by the Consumer Bankers Association (CBA) and AOL Inc. (AOL) shows that Americans are less concerned about their current financial situation since the end of the government shutdown in October 2013.

Together with the CBA, AOL has been conducting research over the past year to better understand consumer attitudes about their finances. For the CBA, this is an effort to find ways to improve the financial well-being of consumers, and for AOL, to offer quality content and tools to marketers.

The CBA and AOL will follow the level of financial optimism in America over time, delving into what influences the ups and downs of this attitude, including economic and political events and the news cycle.

“This new project with AOL represents an opportunity to understand the current personal finance attitudes of American consumers. No other index is providing this unique information which will help our members and the retail banking industry anticipate consumer needs and concerns,” said Richard Hunt, President and CEO of CBA.

Additional findings include:
  • October 2013 - Americans’ level of financial optimism was low, with the Index at -24. The news about the government shutdown was negative, and Americans were worried about how the current political and economic situation would affect their personal finances.
  • November 2013 - The Index increased by 16 points to -8. News became more positive, and Americans were less worried about how the current economic and political situation would affect their personal finances.
  • In December 2013 - The Index remained flat at -8.
  • January 2014 - The Index increased again to +4, and marked the first time the Index was positive. The increase was driven by Americans seeing more positive news about personal finances. The results could also mark the impact of rising stock prices and a decline in the unemployment rate.
  • I n February 2014 - In February 2014, the Index declined to -2.6, a drop of 6.6. The decrease in financial optimism was mainly driven by a perception that news about Americans’ personal finances wasn’t as positive. Possible factors include the slow start to the month in the stock market and rising prices for gasoline.

The Finance Optimism Index tracks optimism through agreement with 4 statements in a survey:

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.75 -1.10%
FB $117.53 0.69%
GOOG $693.00 0.29%
TSLA $240.75 -2.80%
YHOO $36.61 0.06%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs