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 Virginia (DISCONTINUED) Series ID: CCDIOAVAQ156N 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 87.841821150418 1980-04-01 86.709639180424 1980-07-01 87.043236294815 1980-10-01 87.575844932300 1981-01-01 86.997395086452 1981-04-01 86.832621414034 1981-07-01 85.861495736833 1981-10-01 83.405643694167 1982-01-01 82.440297502314 1982-04-01 82.215424831522 1982-07-01 82.191332978982 1982-10-01 81.820749079830 1983-01-01 82.644442388307 1983-04-01 86.071988099247 1983-07-01 87.289921148979 1983-10-01 87.824872791258 1984-01-01 88.734774132042 1984-04-01 89.358902271965 1984-07-01 88.795613346961 1984-10-01 86.107515083883 1985-01-01 86.720955706559 1985-04-01 87.374659005337 1985-07-01 86.531975265466 1985-10-01 86.998190088288 1986-01-01 88.904414959328 1986-04-01 88.741207295857 1986-07-01 88.474808415722 1986-10-01 87.936998674339 1987-01-01 88.461944665570 1987-04-01 88.753425349867 1987-07-01 88.885650392946 1987-10-01 88.621555455469 1988-01-01 89.002721878531 1988-04-01 89.105038524120 1988-07-01 88.758333172806 1988-10-01 87.072015679830 1989-01-01 88.964237667423 1989-04-01 88.631224078617 1989-07-01 88.479944270235 1989-10-01 87.151859616109 1990-01-01 88.466528872862 1990-04-01 88.155594020269 1990-07-01 85.925616309305 1990-10-01 82.813774922996 1991-01-01 80.429949957891 1991-04-01 80.458844175548 1991-07-01 81.380016534673 1991-10-01 78.996456091455 1992-01-01 79.057904633605 1992-04-01 80.308679179358 1992-07-01 81.120363554216 1992-10-01 82.593148166250 1993-01-01 84.873136521508 1993-04-01 85.349285231212 1993-07-01 85.881695969630 1993-10-01 87.229652029832 1994-01-01 88.530943356912 1994-04-01 89.215712409058 1994-07-01 89.097338897959 1994-10-01 89.044534984832 1995-01-01 88.242344177267 1995-04-01 87.971691072596 1995-07-01 87.134169968784 1995-10-01 85.567215419201 1996-01-01 85.514163989071 1996-04-01 84.653265813187 1996-07-01 84.531505159462 1996-10-01 83.794376173766 1997-01-01 83.408258717682 1997-04-01 83.674160275993 1997-07-01 82.921020899287 1997-10-01 82.450006811963 1998-01-01 83.914061353257 1998-04-01 83.459389242310 1998-07-01 83.260496159802 1998-10-01 82.399995293215 1999-01-01 83.184616864883 1999-04-01 81.597047294227 1999-07-01 80.511486540387 1999-10-01 81.271010397867 2000-01-01 83.397826944570 2000-04-01 83.311605494252 2000-07-01 82.673572573399 2000-10-01 79.657029821973 2001-01-01 80.677471503848 2001-04-01 78.692563964585 2001-07-01 80.701104446064 2001-10-01 77.264756324846 2002-01-01 83.181769774854 2002-04-01 82.205280066258 2002-07-01 80.814770454834 2002-10-01 80.562642744206 2003-01-01 82.118358852270 2003-04-01 83.660338217755 2003-07-01 84.399756680841 2003-10-01 84.987523818005 2004-01-01 83.980866009617 2004-04-01 84.892256370006 2004-07-01 84.278000285103 2004-10-01 84.657504467218 2005-01-01 82.156433620063 2005-04-01 81.513828981037 2005-07-01 80.929420567937 2005-10-01 79.980308641437 2006-01-01 83.813230527674 2006-04-01 83.743935166015 2006-07-01 82.544064909224 2006-10-01 84.382745790294 2007-01-01 81.948419181025 2007-04-01 82.392355732315 2007-07-01 81.039572140911 2007-10-01 80.759736716807 2008-01-01 77.539149171892 2008-04-01 77.647447816245 2008-07-01 76.911748077662 2008-10-01 77.256229323471 2009-01-01 71.079047462111 2009-04-01 72.219170543736 2009-07-01 71.205920311639 2009-10-01 71.451513177435 2010-01-01 71.674183281245 2010-04-01 72.604916944701 2010-07-01 71.948313916233 2010-10-01 72.993754699668 2011-01-01 73.973740574159 2011-04-01 75.985244629255 2011-07-01 73.479569554801 2011-10-01 73.443278401496 2012-01-01 76.166446172050 2012-04-01 77.340583023891 2012-07-01 75.806670000000 2012-10-01 77.718577675997 2013-01-01 76.912810000000