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 Rhode Island (DISCONTINUED) Series ID: CCDIOARIQ156N 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 1:18 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 81.288241771873 1980-04-01 79.726544406737 1980-07-01 80.776176615382 1980-10-01 80.996465705608 1981-01-01 80.367858106849 1981-04-01 80.417608633299 1981-07-01 79.643458224240 1981-10-01 78.224183813535 1982-01-01 77.896619957430 1982-04-01 77.501792371109 1982-07-01 76.079609624227 1982-10-01 76.770868140819 1983-01-01 78.649144635486 1983-04-01 80.134261638222 1983-07-01 79.389722812687 1983-10-01 81.282536587348 1984-01-01 81.525821668525 1984-04-01 83.910419154165 1984-07-01 83.853073417610 1984-10-01 85.527370840632 1985-01-01 86.672799797568 1985-04-01 85.283259012769 1985-07-01 85.723212511470 1985-10-01 84.173236066849 1986-01-01 86.477149569238 1986-04-01 86.463440569423 1986-07-01 86.304774682112 1986-10-01 86.377200804257 1987-01-01 85.470902705426 1987-04-01 85.428606246125 1987-07-01 85.508571049142 1987-10-01 85.579239594820 1988-01-01 85.603155993151 1988-04-01 85.739893634034 1988-07-01 85.812622840374 1988-10-01 85.944424849752 1989-01-01 85.857583465796 1989-04-01 85.739795406621 1989-07-01 85.469407654414 1989-10-01 85.011326019977 1990-01-01 83.084743969778 1990-04-01 81.585497680870 1990-07-01 79.779200201345 1990-10-01 77.656266588819 1991-01-01 78.283996841036 1991-04-01 77.496455377493 1991-07-01 76.726232950778 1991-10-01 75.001857744158 1992-01-01 76.245693698112 1992-04-01 76.767172012042 1992-07-01 76.130686597303 1992-10-01 77.471788388426 1993-01-01 78.903726533109 1993-04-01 78.953914988387 1993-07-01 79.842645081282 1993-10-01 81.240580323193 1994-01-01 82.107496413651 1994-04-01 82.888270062269 1994-07-01 83.410160441935 1994-10-01 83.236715368709 1995-01-01 83.711775266801 1995-04-01 83.569090811062 1995-07-01 83.908991365711 1995-10-01 83.233044160487 1996-01-01 84.866369811230 1996-04-01 84.603462617330 1996-07-01 84.906769347072 1996-10-01 84.412329998655 1997-01-01 83.350631204952 1997-04-01 83.373722724605 1997-07-01 83.472140616785 1997-10-01 83.890623265959 1998-01-01 85.110265630496 1998-04-01 84.965284842357 1998-07-01 85.152634768544 1998-10-01 84.587449987710 1999-01-01 84.536335586417 1999-04-01 82.646161852801 1999-07-01 82.070375824339 1999-10-01 82.535746385023 2000-01-01 83.421184414476 2000-04-01 82.716331204863 2000-07-01 82.931496115391 2000-10-01 80.180148348083 2001-01-01 81.170339773329 2001-04-01 79.613528225960 2001-07-01 81.997942493412 2001-10-01 77.887299478118 2002-01-01 83.216076882933 2002-04-01 81.567249663717 2002-07-01 79.824072351981 2002-10-01 79.525458543599 2003-01-01 79.372595625218 2003-04-01 80.261526112497 2003-07-01 81.345405951466 2003-10-01 81.682322913828 2004-01-01 81.160163452629 2004-04-01 81.884676823600 2004-07-01 81.908096684269 2004-10-01 83.157138685727 2005-01-01 78.926789458978 2005-04-01 77.693750478794 2005-07-01 77.464610370342 2005-10-01 76.572590088166 2006-01-01 80.339856180549 2006-04-01 80.484651082512 2006-07-01 79.330569825084 2006-10-01 78.732858692960 2007-01-01 80.921207606133 2007-04-01 79.310114978715 2007-07-01 77.227140781203 2007-10-01 74.931252299527 2008-01-01 69.690581860140 2008-04-01 69.424343413656 2008-07-01 67.144214396106 2008-10-01 66.260565530756 2009-01-01 62.677738335609 2009-04-01 65.546724882916 2009-07-01 63.655027782686 2009-10-01 62.812411330828 2010-01-01 64.274836769594 2010-04-01 65.334235117509 2010-07-01 64.904355120678 2010-10-01 65.944899634325 2011-01-01 64.851309352504 2011-04-01 67.136228920299 2011-07-01 65.403126283524 2011-10-01 65.504097091350 2012-01-01 67.008291741294 2012-04-01 68.218337890989 2012-07-01 68.389560000000 2012-10-01 69.350549726166 2013-01-01 68.049130000000