The PPLSI Economic Stress Index™
Households and small businesses across the U.S. are each fighting individual battles when it comes to their financial and economic well-being. The PPLSI Economic Stress Index allows us to take a closer look and anticipate the future through unique leading indicators.
Data and insights featured in
As part of our mission to make sure every person has equal access to justice, we mine our data every month for insights policymakers can use to make a real, positive impact on the world. Comprised of five sub-indices which reflect the demand for various legal services over the past 15+ years, the PPLSI Economic Stress Index uncovers the daily challenges people are facing. It also provides actionable intelligence to help policymakers and industry leaders bridge those gaps.Get the latest report
Leading indicators of the U.S. economy
5 insights from the latest data report
Financial pressure rising for households
The LegalShield Consumer Stress Index increased in June 2022 to its highest level in a year. Inflation is increasing financial pressure as prices for rent, energy and household essentials rise. Labor market remains strong but may slow as the Fed continues to raise interest rates.
Slight uptick in bankruptcy filings
The LegalShield Bankruptcy Index edged up (worsened) 1.4 point to 19.8 in June 2022. In May, total seasonally adjusted bankruptcy filings decreased by 4.3% to 28,339, down 28% compared to a year ago. The mounting headwinds to consumers’ financial health could push up bankruptcies later this year but our data suggests bankruptcies will remain muted in the near term.
Foreclosure activity easing for second consecutive month
The LegalShield Foreclosure Index decreased (improved) 0.5 point to 38.7 in June 2022, easing for the second consecutive month. While historically low, foreclosures could rise as the Fed continues to raise rates. Our data suggests a continued slow normalization of foreclosure filings will continue.
Pent-up demand sustains homebuilding industry
The LegalShield Housing Construction Index increased in June 2022. There is a large backlog of homes under construction and pent-up demand could alleviate some of the worst effects of high prices and borrowing costs. Activity will ease in the coming months but should remain overall healthy by pre-pandemic standards.
Home sales see dip and affordability grows concerning
The LegalShield Housing Sales Index increased (worsened) in June 2022 after easing in previous months. Housing affordability is a growing concern that will weigh in on the market for the foreseeable future. Strong demand is driving healthy volume of sales each month, however, our data suggests sales slowing down over the next year.
Director of Publicity