Financial Stress Drops In April

Financial Stress Drops In April

The TIPP Financial Stress Index fell in April.

Raghavan Mayur

Stimulus checks, improved job market conditions, and increased vaccinations are helping to reduce Americans' financial stress.

Relevance

The TIPP Financial Stress Index is a good indicator of Americans' financial stress related to paying bills and making ends meet.  Consumer spending drives two-thirds of the economy.  People are hesitant to spend money when they are financially stressed. The index also measures job-related tensions, which rise when the labor market is difficult.