The Consumer Debt Stress Index (DSI) dropped by slightly more than 2 percent in January, from 119.8 to 117.4
“We’re seeing increased confidence among consumers that they will be able to stay on top of their debts and ride out the economic storm,” said Lucia Dunn, professor of economics at Ohio State University and one of the leaders of the DSI.
“It’s a good start for the new year.”
The DSI is conducted by Ohio State’s Center for Human Resource Research and is based on telephone interviews of randomly selected Americans. Each month’s index score is based on the past three months of interviews, with the average sample size being 673.
The DSI has been conducted monthly since January 2006, where its base value was set at 100.
The outlook is much rosier than this time last year, when the DSI was on the rise, peaking at an all-time high of 155.3 in July.
The July figure meant that consumers were experiencing stress levels from their debts that were more than 50 percent higher than they had been in January 2006, when the index had a value of 100.
In general, the index has been on the decline since then.
Findings showed that stress levels are declining faster for men than they are for women. The DSI dropped 3.6 points for men in January, compared to only 2.5 points for women.
The survey also examines how debt stress is affecting consumers’ family life, job performance and health. In general, the negative effects that debt stress has on family life and job performance have stabilized or shown small improvements in the past several months.
However, the negative impact of debt on health is still somewhat higher than it was a year ago, results showed.
Slightly more than 23 percent of respondents said their health was somewhat, quite or very much affected by their debt. One year ago, 20.6 percent answered that way.
“The affect that debt stress has on health continues to be troubling,” Dunn said.Contact: Lucia Dunn, (614) 292-8071; Dunn.firstname.lastname@example.org
Jeff Grabmeier | Newswise Science News
How Strong Brands Translate into Money
15.11.2016 | Kühne Logistics University - Wissenschaftliche Hochschule für Logistik und Unternehmensführung
Demographic change depresses tax revenues
04.11.2016 | Fraunhofer-Institut für Angewandte Informationstechnik FIT
Among the general public, solar thermal energy is currently associated with dark blue, rectangular collectors on building roofs. Technologies are needed for aesthetically high quality architecture which offer the architect more room for manoeuvre when it comes to low- and plus-energy buildings. With the “ArKol” project, researchers at Fraunhofer ISE together with partners are currently developing two façade collectors for solar thermal energy generation, which permit a high degree of design flexibility: a strip collector for opaque façade sections and a solar thermal blind for transparent sections. The current state of the two developments will be presented at the BAU 2017 trade fair.
As part of the “ArKol – development of architecturally highly integrated façade collectors with heat pipes” project, Fraunhofer ISE together with its partners...
At TU Wien, an alternative for resource intensive formwork for the construction of concrete domes was developed. It is now used in a test dome for the Austrian Federal Railways Infrastructure (ÖBB Infrastruktur).
Concrete shells are efficient structures, but not very resource efficient. The formwork for the construction of concrete domes alone requires a high amount of...
Many pathogens use certain sugar compounds from their host to help conceal themselves against the immune system. Scientists at the University of Bonn have now, in cooperation with researchers at the University of York in the United Kingdom, analyzed the dynamics of a bacterial molecule that is involved in this process. They demonstrate that the protein grabs onto the sugar molecule with a Pac Man-like chewing motion and holds it until it can be used. Their results could help design therapeutics that could make the protein poorer at grabbing and holding and hence compromise the pathogen in the host. The study has now been published in “Biophysical Journal”.
The cells of the mouth, nose and intestinal mucosa produce large quantities of a chemical called sialic acid. Many bacteria possess a special transport system...
UMD, NOAA collaboration demonstrates suitability of in-orbit datasets for weather satellite calibration
"Traffic and weather, together on the hour!" blasts your local radio station, while your smartphone knows the weather halfway across the world. A network of...
Fiber-reinforced plastics (FRP) are frequently used in the aeronautic and automobile industry. However, the repair of workpieces made of these composite materials is often less profitable than exchanging the part. In order to increase the lifetime of FRP parts and to make them more eco-efficient, the Laser Zentrum Hannover e.V. (LZH) and the Apodius GmbH want to combine a new measuring device for fiber layer orientation with an innovative laser-based repair process.
Defects in FRP pieces may be production or operation-related. Whether or not repair is cost-effective depends on the geometry of the defective area, the tools...
10.01.2017 | Event News
09.01.2017 | Event News
05.01.2017 | Event News
16.01.2017 | Power and Electrical Engineering
16.01.2017 | Information Technology
16.01.2017 | Power and Electrical Engineering