SDC CPAs in an Aurora, Illinois-based forensic accounting firm that specializes in working with insurance companies in the areas of crime, surety claims, and employee misconduct. Committed to ongoing professional development, members of SDC CPAs are members of the American Institute of Certified Public Accountants (AICPA).
According to the most recent figures from AICPA’s Personal Financial Satisfaction index (PFSi), Americans are entering the new decade feeling significantly more satisfied with their financial condition than they were entering the previous decade. The PFSi is a barometer of that satisfaction, and is calculated quarterly. It is the product of financial pain ratings subtracted from financial pleasure ratings, which are based on the availability of financial opportunities, assets, and other factors.
In the fourth quarter of 2019, the rating hit an all-time high of 40.2. It’s the second time in 2019 that the PFSi hit an all-time high, and ending the year on that note shows heightened confidence heading into 2020. Conversely, in the fourth quarter of 2009, the PFSi was actually -29.6, representing a major lack of confidence by the average American in their own financial position.
SDC CPAs 