Latest news with #PrimericaHouseholdBudgetIndex™
Business Wire
25-06-2025
- Business
- Business Wire
PRIMERICA HOUSEHOLD BUDGET INDEX™: Spending Power Moderately Improves for Middle-Income Families as Average Earned Income Rises Above Cost Increases of Everyday Necessities
DULUTH, Ga.--(BUSINESS WIRE)--The latest Primerica Household Budget Index™ (HBI™) data, a monthly economic metric that examines how inflation and wage trends impact the ability of middle-income families to afford life's everyday necessities, was 100.1% in May, a 0.4% increase from a month ago and up 1.5% from a year ago. Purchasing power improved slightly in May as the average earned income of middle-income households rose more than the increase in the cost of necessity items. The Consumer Price Index (CPI) that measures inflation for a comprehensive basket of goods for all U.S. households came in at 2.3% in May. Over the past twelve months ending in May, middle-income households saw a 2.8% rise in the cost of all items and a 2.5% rise in the cost of necessity items used in the HBI™ (food, utilities, gas, auto insurance, and health care). For more information on the Primerica Household Budget Index™ metric, visit About the Primerica Household Budget Index™ (HBI™) The Primerica Household Budget Index™ (HBI™) data is constructed monthly on behalf of Primerica by its chief economic consultant Amy Crews Cutts, PhD, CBE ®. The index measures the purchasing power of middle-income families with household incomes from $30,000 to $130,000 and is developed using data from the U.S. Bureau of Labor Statistics, the U.S. Bureau of Census, and the Federal Reserve Bank of Kansas City. The index looks at the cost of necessities including food, gas, auto insurance, utilities, and health care and earned income to track differences in inflation and wage growth. Primerica's HBI™ metric was created to fill an information void around the economy's impact on middle-income families. Metrics like the Consumer Price Index (CPI) measure overall inflation but don't offer a clear picture of how it impacts middle-income Americans. Middle-income households play a key role in driving consumer spending and the overall economy as they account for over 55% of the U.S. population. The purchasing power of middle-income families are a key barometer of real-time economic trends. Understanding middle-income households' purchasing power is important because it shows whether they are gaining financial ground or falling behind. The HBI™ data uses January 2019 as its baseline, with the value set to 100% at that point in time. Periodically, prior HBI™ values may be modified due to revisions in the CPI series and Consumer Expenditure Survey releases by the U.S. Bureau of Labor Statistics (BLS). Beginning with the December 2024 release of the index, the expenditure weights have been updated to the most recent (Q1 2024) data and auto insurance has been added to the group of necessity items. For more information, visit About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial products and services to middle-income households in North America. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. We insured over 5.5 million lives and had approximately 3.0 million client investment accounts on December 31, 2024. Primerica, through its insurance company subsidiaries, was the #3 issuer of Term Life insurance coverage in the United States and Canada in 2024. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol 'PRI'. For more information, visit
Business Wire
30-05-2025
- Business
- Business Wire
Primerica Household Budget Index™: Purchasing Power for Middle-Income Households Held Steady in April
DULUTH, Ga.--(BUSINESS WIRE)--The latest Primerica Household Budget Index™ (HBI™) data, a monthly economic metric that examines how inflation and wage trends impact the ability of middle-income families to afford life's everyday necessities, was 99.6% in April, unchanged from a month ago and up 1.7% from a year ago. Purchasing power held steady as the average earned income of middle-income households rose enough to offset the increase in the cost of necessity goods in April. The cost of necessity goods for middle-income households rose 0.4% in April, double the average inflation rate represented by the Consumer Price Index, which rose 0.2%. 'The fact that the costs of necessity goods bought by middle-income households rose two times faster than the overall CPI in April illustrates how volatile food and energy inflation disproportionately impacts middle-income families who have little room in their budgets for unexpected cost increases,' said Amy Crews Cutts, consulting economist at Primerica. 'The official CPI inflation measure doesn't accurately depict this critical inflation narrative to account for the impact on these families' budgets month-to-month.' For more information on the Primerica Household Budget Index™ metric, visit About the Primerica Household Budget Index™ (HBI™) The Primerica Household Budget Index™ (HBI™) data is constructed monthly on behalf of Primerica by its chief economic consultant Amy Crews Cutts, PhD, CBE ®. The index measures the purchasing power of middle-income families with household incomes from $30,000 to $130,000 and is developed using data from the U.S. Bureau of Labor Statistics, the U.S. Bureau of Census, and the Federal Reserve Bank of Kansas City. The index looks at the cost of necessities including food, gas, auto insurance, utilities, and health care and earned income to track differences in inflation and wage growth. Primerica's HBI™ metric was created to fill an information void around the economy's impact on middle-income families. Metrics like the Consumer Price Index (CPI) measure overall inflation but don't offer a clear picture of how it impacts middle-income Americans. Middle-income households play a key role in driving consumer spending and the overall economy as they account for over 55% of the U.S. population. The purchasing power of middle-income families are a key barometer of real-time economic trends. Understanding middle-income households' purchasing power is important because it shows whether they are gaining financial ground or falling behind. The HBI™ data uses January 2019 as its baseline, with the value set to 100% at that point in time. Periodically, prior HBI™ values may be modified due to revisions in the CPI series and Consumer Expenditure Survey releases by the U.S. Bureau of Labor Statistics (BLS). Beginning with the December 2024 release of the index, the expenditure weights have been updated to the most recent (Q1 2024) data and auto insurance has been added to the group of necessity items. For more information, visit About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial products and services to middle-income households in North America. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. We insured over 5.5 million lives and had approximately 3.0 million client investment accounts on December 31, 2024. Primerica, through its insurance company subsidiaries, was the #3 issuer of Term Life insurance coverage in the United States and Canada in 2024. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol 'PRI'. For more information, visit
Yahoo
30-05-2025
- Business
- Yahoo
Primerica Household Budget Index™: Purchasing Power for Middle-Income Households Held Steady in April
DULUTH, Ga., May 30, 2025--(BUSINESS WIRE)--The latest Primerica Household Budget Index™ (HBI™) data, a monthly economic metric that examines how inflation and wage trends impact the ability of middle-income families to afford life's everyday necessities, was 99.6% in April, unchanged from a month ago and up 1.7% from a year ago. Purchasing power held steady as the average earned income of middle-income households rose enough to offset the increase in the cost of necessity goods in April. The cost of necessity goods for middle-income households rose 0.4% in April, double the average inflation rate represented by the Consumer Price Index, which rose 0.2%. "The fact that the costs of necessity goods bought by middle-income households rose two times faster than the overall CPI in April illustrates how volatile food and energy inflation disproportionately impacts middle-income families who have little room in their budgets for unexpected cost increases," said Amy Crews Cutts, consulting economist at Primerica. "The official CPI inflation measure doesn't accurately depict this critical inflation narrative to account for the impact on these families' budgets month-to-month." For more information on the Primerica Household Budget Index™ metric, visit About the Primerica Household Budget Index™ (HBI™) The Primerica Household Budget Index™ (HBI™) data is constructed monthly on behalf of Primerica by its chief economic consultant Amy Crews Cutts, PhD, CBE®. The index measures the purchasing power of middle-income families with household incomes from $30,000 to $130,000 and is developed using data from the U.S. Bureau of Labor Statistics, the U.S. Bureau of Census, and the Federal Reserve Bank of Kansas City. The index looks at the cost of necessities including food, gas, auto insurance, utilities, and health care and earned income to track differences in inflation and wage growth. Primerica's HBI™ metric was created to fill an information void around the economy's impact on middle-income families. Metrics like the Consumer Price Index (CPI) measure overall inflation but don't offer a clear picture of how it impacts middle-income Americans. Middle-income households play a key role in driving consumer spending and the overall economy as they account for over 55% of the U.S. population. The purchasing power of middle-income families are a key barometer of real-time economic trends. Understanding middle-income households' purchasing power is important because it shows whether they are gaining financial ground or falling behind. The HBI™ data uses January 2019 as its baseline, with the value set to 100% at that point in time. Periodically, prior HBI™ values may be modified due to revisions in the CPI series and Consumer Expenditure Survey releases by the U.S. Bureau of Labor Statistics (BLS). Beginning with the December 2024 release of the index, the expenditure weights have been updated to the most recent (Q1 2024) data and auto insurance has been added to the group of necessity items. For more information, visit About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial products and services to middle-income households in North America. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. We insured over 5.5 million lives and had approximately 3.0 million client investment accounts on December 31, 2024. Primerica, through its insurance company subsidiaries, was the #3 issuer of Term Life insurance coverage in the United States and Canada in 2024. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol "PRI". For more information, visit View source version on Contacts Media Contact: Gana Ahn678-431-9266Email: Investor Contact: Nicole Russell470-564-6663Email: Sign in to access your portfolio
Yahoo
30-04-2025
- Business
- Yahoo
Primerica Household Budget Index™: Purchasing Power for Middle-Income Households Improves Slightly as Gas Prices and Auto Insurance Costs Decline
DULUTH, Ga., April 30, 2025--(BUSINESS WIRE)--The latest Primerica Household Budget Index™ (HBI™), a monthly economic snapshot measuring the impact of inflation on middle-income households alongside their earned income, found the average purchasing power for necessities rose to 99.6% in March, a 0.2% increase from a month ago and up 1.3% from a year ago. Purchasing power improved slightly in March as gas prices and auto insurance costs fell. Gas prices declined 0.9% and auto insurance costs fell 0.6% in March. However, rising food, utilities and healthcare costs offset against the falling gas and car insurance costs. Food prices rose 0.3% for the month and 3.4% for the year. The Consumer Price Index (CPI) that measures inflation for a comprehensive basket of goods for all U.S. households came in at 2.4% in March. Adjusting the CPI to narrow the impact of inflation to focus specifically on middle-income households increases its impact to an estimated 3.0% year-over-year. Further narrowing the CPI to assess the impact of inflation on the cost of middle-income household necessity items used in the HBI™ (food, utilities, gas, auto insurance, and health care), the estimated adjusted CPI measure shows an increase of 2.9% year-over-year. For more information on the Primerica Household Budget Index™, visit About the Primerica Household Budget Index™ (HBI™) The Primerica Household Budget Index™ (HBI™) is constructed monthly on behalf of Primerica by its chief economic consultant Amy Crews Cutts, PhD, CBE®. The index measures the purchasing power of middle-income families with household incomes from $30,000 to $130,000 and is developed using data from the U.S. Bureau of Labor Statistics, the U.S. Bureau of the Census, and the Federal Reserve Bank of Kansas City. The index looks at the cost of necessities including food, gas, auto insurance, utilities, and health care and earned income to track differences in inflation and wage growth. The HBI™ uses January 2019 as its baseline, with the value set to 100% at that point in time. Periodically, prior HBI™ values may be modified due to revisions in the CPI series and Consumer Expenditure Survey releases by the U.S. Bureau of Labor Statistics (BLS). Beginning with the December 2024 release of the index, the expenditure weights have been updated to the most recent (Q1 2024) data and auto insurance has been added to the group of necessity items. For more information, visit About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial products and services to middle-income households in North America. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. We insured over 5.5 million lives and had approximately 3.0 million client investment accounts on December 31, 2024. Primerica, through its insurance company subsidiaries, was the #3 issuer of Term Life insurance coverage in the United States and Canada in 2024. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol "PRI". For more information, visit View source version on Contacts Media Contact: Gana Ahn678-431-9266Email: Investor Contact: Nicole Russell470-564-6663Email: Sign in to access your portfolio
Business Wire
30-04-2025
- Business
- Business Wire
Primerica Household Budget Index™: Purchasing Power for Middle-Income Households Improves Slightly as Gas Prices and Auto Insurance Costs Decline
DULUTH, Ga.--(BUSINESS WIRE)--The latest Primerica Household Budget Index™ (HBI™), a monthly economic snapshot measuring the impact of inflation on middle-income households alongside their earned income, found the average purchasing power for necessities rose to 99.6% in March, a 0.2% increase from a month ago and up 1.3% from a year ago. Purchasing power improved slightly in March as gas prices and auto insurance costs fell. Gas prices declined 0.9% and auto insurance costs fell 0.6% in March. However, rising food, utilities and healthcare costs offset against the falling gas and car insurance costs. Food prices rose 0.3% for the month and 3.4% for the year. The Consumer Price Index (CPI) that measures inflation for a comprehensive basket of goods for all U.S. households came in at 2.4% in March. Adjusting the CPI to narrow the impact of inflation to focus specifically on middle-income households increases its impact to an estimated 3.0% year-over-year. Further narrowing the CPI to assess the impact of inflation on the cost of middle-income household necessity items used in the HBI™ (food, utilities, gas, auto insurance, and health care), the estimated adjusted CPI measure shows an increase of 2.9% year-over-year. For more information on the Primerica Household Budget Index™, visit About the Primerica Household Budget Index™ (HBI™) The Primerica Household Budget Index™ (HBI™) is constructed monthly on behalf of Primerica by its chief economic consultant Amy Crews Cutts, PhD, CBE ®. The index measures the purchasing power of middle-income families with household incomes from $30,000 to $130,000 and is developed using data from the U.S. Bureau of Labor Statistics, the U.S. Bureau of the Census, and the Federal Reserve Bank of Kansas City. The index looks at the cost of necessities including food, gas, auto insurance, utilities, and health care and earned income to track differences in inflation and wage growth. The HBI™ uses January 2019 as its baseline, with the value set to 100% at that point in time. Periodically, prior HBI™ values may be modified due to revisions in the CPI series and Consumer Expenditure Survey releases by the U.S. Bureau of Labor Statistics (BLS). Beginning with the December 2024 release of the index, the expenditure weights have been updated to the most recent (Q1 2024) data and auto insurance has been added to the group of necessity items. For more information, visit About Primerica, Inc. Primerica, Inc., headquartered in Duluth, GA, is a leading provider of financial products and services to middle-income households in North America. Independent licensed representatives educate Primerica clients about how to better prepare for a more secure financial future by assessing their needs and providing appropriate solutions through term life insurance, which we underwrite, and mutual funds, annuities and other financial products, which we distribute primarily on behalf of third parties. We insured over 5.5 million lives and had approximately 3.0 million client investment accounts on December 31, 2024. Primerica, through its insurance company subsidiaries, was the #3 issuer of Term Life insurance coverage in the United States and Canada in 2024. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol 'PRI'. For more information, visit
