Legal stress index rises for third consecutive month. Fiercely fought state mirror tight race. (Figure: Business Wire)
Battlefield stress: Two decades of election forecasters at the crossroads. (Figure: Business Wire)
Real-world legal imperative: Battleground states have faced an 11% spike in fiscal stress since June. (Figure: Business Wire)
Consumer Legal Stress Index: Bankruptcy and consumer finance concerns rise; foreclosures fall. (Figure: Business Wire)
LegalShield Consumer Stress Legal Index rises in September following record midsummer rally
2024 Election: Legal Stress in Battleground States Remains Flat. Marks the closest presidential election in the index’s 22-year history
Index tracking the legal needs of ordinary Americans matches the political results of the past five presidential elections
Partner Lawyer at Legal Shield: “Rising housing costs are forcing people to seek help now.”
ADA, Okla., October 15, 2024–(BUSINESS WIRE)–The LegalShield Consumer Stress Legal Index, a survey that tracks approximately 150,000 calls each month from ordinary Americans seeking legal assistance, CSLI) rose in September, marking its third rise. This was a consecutive monthly increase following July’s record high for the first time in 22 years.
Stress in battleground states has remained stable, going from slightly above the national average to slightly below it in August. The movement of the two stress trendlines indicates a close presidential election.
“Following July’s unprecedented surge, the financial burden on consumers across the country has further increased, with consumers still strapped for cash,” said Matt Layton, senior vice president of consumer analytics at LegalShield. It shows what we are facing.” “Economic factors have a significant impact on election outcomes. For the past five presidential elections, our predictive data has been clear by October. At this point, our analysis shows that the race is far from over. has shown to be too close.”
Legal Shield’s CSLI in September was 68.0, an increase of 0.3 points from August and a 4.0% increase compared to the same month last year.
Battleground stress will determine White House election
“With the election approaching, stress in battleground states is approaching national stress levels even more closely than we’ve seen since the index’s inception in 2002,” Leighton said. “Battlefield stress has moved above and below the national index by small margins over the past three months.”
In each presidential election since 2004, battleground states have experienced higher levels of stress in October and November than the national average and elected Republicans. When stress in battleground states was lower than the nation, Democrats won.
“It is important to remember that our data is based on actual calls made by ordinary Americans seeking legal assistance for a variety of financial issues,” Leighton said. “This is not a poll driven by debate or headlines.”
Layton added: “The consumer finance sub-index for battleground states is up 11% since June. It shows that we are dealing with it.”
the story continues
For the purposes of this data analysis, the battleground states in 2024 are Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin.
Battlefield stress remained unchanged in September at 67.8, and is currently 0.2 points below the national index. In August, stress in battlegrounds was 0.1 percentage points higher than the national level.
Housing is a major stress factor
“Many homeowners and renters continue to struggle to make ends meet and are now seeking help,” said Kevin Almeros, president of Deming Parker LLC, a Georgia legal shield provider. “A growing number of households are feeling cost-burdened, paying more than 30% of their monthly income to cover housing costs.Hopefully, recent interest rate cuts and slowing inflation will stimulate homebuyer demand and lead to more We hope this will bring more sellers to the market and help stabilize housing prices.” Housing Prices and Rentals. ”
LegalShield’s CSLI is based on a dataset of more than 35 million consumer legal assistance requests since 2002. The index is built on three sub-indices that track requests for legal assistance for issues related to bankruptcies, foreclosures, and consumer finance.
The three sub-indices were mixed in September.
The bankruptcy sub-index rose 0.8 points to 33.1, an increase of 17.1% year-on-year.
The foreclosure sub-index decreased by 3.0 points to 42.1.
The Consumer Finance sub-index, which measures inquiries about a variety of consumer financial concerns such as billing disputes and loan modifications, rose 2.7 points to 108.7, its highest level since June 2023.
About LegalShield Consumer Stress Legal Index:
As part of LegalShield’s mission to ensure equal access to justice for all, we use data to gain insights that policymakers can use to have a real positive impact on decision-making. I’m mining. The LegalShield Consumer Stress Legal Index, published monthly, is comprised of three sub-indices that reflect demand for various legal services. LegalShield’s dataset includes more than 35 million consumer legal support requests since 2002, with an average of approximately 150,000 consultations each month. CSLI uncovers the challenges people face every day and provides actionable intelligence to help policymakers and industry leaders close those gaps.
About Legal Shield:
For more than 50 years, LegalShield has provided ordinary Americans with easy and affordable access to legal advice, representation, protection and representation. LegalShield serves millions of users and is one of the world’s largest platforms for legal, identity and reputation management services, protecting individuals and businesses across North America. Founded in 1972, LegalShield and its privacy management product, IDShield, have provided individuals, families, businesses, and employers with the tools and services they need to live fair and secure lives at affordable prices. . Through technology and innovation, LegalShield is disrupting the traditional legal system and transforming how and where people receive legal guidance and services, giving them access to thousands of qualified and trusted attorneys and law firms. Masu. LegalShield and IDShield are products of Pre-Paid Legal Services, Inc. For more information about LegalShield and IDShield, visit LegalShield.com and IDShield.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241015708870/en/
contact address
LegalShield Media Contact:
Hollon Kohtz, Communications Director
hollonkohtz@pplsi.com
