- (0:45) - Why Was The Money Anxiety Index Created?
- (2:50) - What Does This Index Track Exactly?
- (6:30) - What Indicates A High Level Of Anxiety?
- (8:10) - Does This Index Predict Economic Change?
- (10:15) - What Is The Money Anxiety Index Saying about the Banking Industry?
- (14:55) - Can This Be Applied To Other Sectors?
- (16:00) - Is The Money Anxiety Index Is Predicting An Economic Downturn?
- Podcast@Zacks.com
Anxiety over money and financial issues is something many can identify with. The Money Anxiety Index measures the level of financial anxiety of people based on what they actually do with their money rather than how they may respond to consumer confidence surveys. Behavioral economist, Dr. Dan Geller, developer of this index through his company, Analyticom, joins me now to take a closer look.
1. Doctor, why did you create this index?
2. What exactly about what people do with their money does the index track?
3. What types of data is your index comprised of?
4. And you get this data directly from consumers?
5. As I understand this, the number 70 is used as a median. So anything above that indicates a high level of anxiety. Is that correct?
6. What types of things does your index predict?
7. The index is currently being used by banks and credit unions, correct?
8. What is it saying about those industries?
9. Is there a broader application for it?
10. Is it saying anything about the general economy here?
A closer look at the Money Anxiety Index. With Dr. Dan Geller, I’m Terry Ruffolo.
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