Purchasing power is shrinking for prospective buyers as record-high home prices feed inflation, and data from LegalShield’s Housing Construction Index showed the steepest decline on record (7.8 points) as homebuilders manage supply chain and labor challenges.
The U.S. Direct Selling Association (DSA), in its 2021 Growth & Outlook Study, reported a predicted growth between 4%-7% for the channel in 2021. With this forecast, direct selling retail sales are expected to reach between $41.7 billion and $42.9 billion, a record high for the industry.
LegalShield’s Consumer Stress Index showed that while overall consumer stress remains subdued, the expiration of federal assistance programs, combined with rising rent and housing costs, as well as the chaos created by the Delta variant, have increased the demand for legal services related to employment and tenant issues.
The Shaklee U.S. Health and Wellness Study recently revealed that the millennial generation, the largest adult population in the U.S., are “more stressed out than ever before” (60%) and concerned that they may now have “permanently low energy levels” (58%).
LegalShield released its June Economic Stress Index which includes five sub-indices—Consumer Stress, Bankruptcy, Foreclosure, Housing Construction and Housing Sales—that indicate the economic and financial status of U.S. households and small businesses. The LegalShield Consumer Stress Index rose in June for the second consecutive month. The index’s consumer finance component peaked, reaching record levels, as plan […]
LegalShield released its May Economic Stress Index, which includes five sub-indices: consumer stress, bankruptcy, foreclosure, housing construction and housing sales. While the LegalShield Housing Construction Index rose in May to 146.7, an all-time high, foreclosures increased slightly as well, although they continue to remain at historically low levels. “Over two million homeowners in the US […]