NOTE: THIS DATA FILE WILL CHANGE! To improve accessibility of data for all users, we will convert this file from a text format to an html table by the end of June 2024. Title: CredAbility Consumer Distress Index for Massachusetts (DISCONTINUED) Series ID: CCDIOAMAQ156N Source: CredAbility Nonprofit Credit Counseling & Education Release: CredAbility Consumer Distress Index (Not a Press Release) Seasonal Adjustment: Not Seasonally Adjusted Frequency: Quarterly Units: Percent Date Range: 1980-01-01 to 2013-01-01 Last Updated: 2013-05-17 1:19 PM CDT Notes: Overview of the Index The Index is a quarterly comprehensive picture of the average American household’s financial condition. Built by assessing the key elements of financial health and distress, it converts a complex set of factors into a single, easy to understand number. Scope and History The index measures the U.S., all 50 states and more than 70 MSAs. The national and state versions date back to 1980 and the MSA versions date back to 1990. Public Data and Proprietary Methodology We use more than 65 data points from government, public and private data and a proprietary methodology for compiling, combining and evaluating data. With nearly 50 years of experience and insight into helping consumers in financial distress, we know the biggest causes of distress, how people react to financial challenges and proven strategies for regaining control. (Note: Our client data is not a data source for the Index) Measured on a 100 Point Scale Financial distress is measured on a 100 point scale and a score under 70 indicates financial distress. The lower the score equals more distress, a weaker financial position, more urgency to act, takes longer and is harder to resolve, and increases the probability of needing a third party help to resolve. The Index score is tied to one of 5 general rating categories, which reflect the strength and stability of the consumer’s position. Less than 60 Emergency / Crisis 60 – 69 Distressed / Unstable 70 – 79 Weakening / At-Risk 80 – 89 Good / Stable 90 and Above Excellent / Secure What Does the Index Measure? We measure the 5 categories of personal finance that reflect or lead to a secure, stable financial life—Employment, Housing, Credit, Household Budget and Net Worth. All are equally important, so have given each category equal weighting. Employment. Stable income is the foundation of any family’s finances. This category measures the impact of unemployment and underemployment on financial health. Key Measures: Unemployment, Underemployment Sample Data Source: Department of Labor, Bureau of Labor Statistics Housing. Safe, affordable housing is a priority for all families. This category measures how consumers are paying their mortgage/rent and the impact of housing costs on their finances. Key Measures: Mortgage and Rental Delinquencies, Housing as Percent of Budget Sample Data Source: National Delinquency Survey Credit. Responsible use of credit creates more borrowing options and lower costs. This category assesses the strength of credit scores and how well families manage their credit. Key Measures: Credit Scores, Trade Line Utilization, Credit Delinquencies, Per Capita Bankruptcies Sample Data Source: National Credit Bureau Household Budget. Spending less than you make is the daily choice that leads to long-term success. This category measures families’ spending patterns and saving for emergencies. Key Measures: Disposable Income, Savings, Consumer Confidence Sample Data Source: Department of Commerce, Bureau of Economic Analysis Net Worth. Strong, positive net worth creates options and independence. This category measures how well consumers are strengthening their personal balance sheets. Key Measures: Household Net Worth, Net Worth versus Funds Required for Long-Term Needs (e.g. retirement) Sample Data Source: Federal Reserve Flow of Funds, Survey of Consumer Finances DATE VALUE 1980-01-01 86.056595939461 1980-04-01 84.109463160423 1980-07-01 84.391285921776 1980-10-01 85.186910758554 1981-01-01 84.509584779134 1981-04-01 84.143679332658 1981-07-01 82.893044048952 1981-10-01 80.994100777656 1982-01-01 80.304564523576 1982-04-01 79.772818107429 1982-07-01 79.700213762031 1982-10-01 80.057795701038 1983-01-01 80.958180958480 1983-04-01 82.588062971808 1983-07-01 83.186224597470 1983-10-01 84.164072363622 1984-01-01 85.605897853994 1984-04-01 87.391832568663 1984-07-01 88.130408287780 1984-10-01 88.161219243659 1985-01-01 87.897309927026 1985-04-01 87.906033673960 1985-07-01 87.650245847618 1985-10-01 87.393877528904 1986-01-01 87.359753201075 1986-04-01 87.760835374103 1986-07-01 87.710979604225 1986-10-01 87.816369317843 1987-01-01 86.854367457078 1987-04-01 86.768011427418 1987-07-01 86.832874702348 1987-10-01 86.920564050838 1988-01-01 87.087301847218 1988-04-01 87.269676464249 1988-07-01 87.333683870515 1988-10-01 87.424028785340 1989-01-01 87.296218451620 1989-04-01 87.166535420287 1989-07-01 86.680649662623 1989-10-01 86.519957271029 1990-01-01 85.201470008953 1990-04-01 83.443506555507 1990-07-01 81.245323131652 1990-10-01 78.494465689248 1991-01-01 78.068615381299 1991-04-01 77.813944962799 1991-07-01 77.233356095885 1991-10-01 75.970299321578 1992-01-01 77.305923997240 1992-04-01 78.310825378328 1992-07-01 78.148904861565 1992-10-01 79.031166369568 1993-01-01 80.296404353998 1993-04-01 81.045016931366 1993-07-01 81.618152492074 1993-10-01 83.180919781312 1994-01-01 84.667219944173 1994-04-01 85.553908083396 1994-07-01 86.317478921208 1994-10-01 86.386278932196 1995-01-01 86.751140217402 1995-04-01 87.045748372112 1995-07-01 86.936755636515 1995-10-01 86.927289616746 1996-01-01 88.137572148492 1996-04-01 87.720369006900 1996-07-01 87.433965840931 1996-10-01 87.111678937549 1997-01-01 86.658079094453 1997-04-01 85.332425725286 1997-07-01 86.493187860238 1997-10-01 86.962743074374 1998-01-01 87.034280008455 1998-04-01 86.689478733330 1998-07-01 86.953308711268 1998-10-01 86.968958508728 1999-01-01 86.974779539983 1999-04-01 85.135654900375 1999-07-01 84.301674594631 1999-10-01 84.966056701765 2000-01-01 85.915827488003 2000-04-01 85.441265766053 2000-07-01 85.286320486726 2000-10-01 83.761683859307 2001-01-01 84.089728787134 2001-04-01 82.986934960631 2001-07-01 85.844710033708 2001-10-01 82.462045509739 2002-01-01 86.352611180809 2002-04-01 85.573848767681 2002-07-01 83.480158389501 2002-10-01 83.339270736082 2003-01-01 82.043675985286 2003-04-01 83.498056976677 2003-07-01 84.183856391689 2003-10-01 83.974165336368 2004-01-01 84.811562983880 2004-04-01 85.936590340785 2004-07-01 85.522126042906 2004-10-01 86.102872089464 2005-01-01 83.268732664781 2005-04-01 82.058059261611 2005-07-01 81.760970795675 2005-10-01 81.106175002823 2006-01-01 83.340477806935 2006-04-01 82.606802708104 2006-07-01 82.204538244852 2006-10-01 82.204589499614 2007-01-01 84.193261267869 2007-04-01 82.662307414898 2007-07-01 80.118380858829 2007-10-01 79.771343922171 2008-01-01 77.089271765335 2008-04-01 77.436661577187 2008-07-01 75.257247391682 2008-10-01 74.798725567551 2009-01-01 69.251034522254 2009-04-01 70.565295203865 2009-07-01 69.279852261566 2009-10-01 69.351343193237 2010-01-01 70.371204537592 2010-04-01 71.358747304042 2010-07-01 71.386030062733 2010-10-01 71.728849816587 2011-01-01 72.043392957860 2011-04-01 73.592303765833 2011-07-01 71.127650624220 2011-10-01 71.310110074778 2012-01-01 73.537958178271 2012-04-01 75.108740544679 2012-07-01 74.724070000000 2012-10-01 75.311787529282 2013-01-01 73.243270000000