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The latest release of the Money Anxiety Index shows an increase in the level of consumers’ financial anxiety. May’s index at 91.9 (January 1975 = 100), reflects a 0.6 point increase over April of this year, and a 3.7 point increase from the same month last year. The higher the Money Anxiety Index, the higher the anxiety level. The latest increase in the index suggests that consumers are very anxious about their finances and about the prospects of economic recovery, said Dan Geller, chief research officer for the index.

Peter Westerman

Credit Union Times

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