Primerica Household Budget Index Rises to 100.7% in November
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Newsfilter
- Household Budget Index Increase: The Primerica Household Budget Index (HBI™) is estimated at 100.7% in November, reflecting a slight 0.2% increase from last year, indicating a modest improvement in the purchasing power of middle-income families and suggesting weak signs of economic recovery.
- Inflation Impact: The Consumer Price Index (CPI) recorded a 2.7% year-over-year increase in November, while the inflation rate for middle-income families was 3.2%, highlighting rising costs of living essentials that may affect household spending capacity.
- Rising Necessity Costs: The cost of essential items included in the HBI™ metric has risen by 3.3% compared to last year, putting financial pressure on middle-income families and potentially leading to reduced consumer spending.
- Economic Trend Indicator: The HBI™ was created to address the information gap regarding the economic impact on middle-income families, which represent over 55% of the U.S. population, making their purchasing power a key indicator of real-time economic trends.
PRI
$259.24+Infinity%1D
Analyst Views on PRI
Wall Street analysts forecast PRI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRI is 313.60 USD with a low forecast of 292.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 260.210
Low
292.00
Averages
313.60
High
340.00
Current: 260.210
Low
292.00
Averages
313.60
High
340.00
About PRI
Primerica, Inc. is a provider of financial products and services to middle-income households in North America. The Company's segments include Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Company, through its three life insurance subsidiaries, Primerica Life Insurance Company, National Benefit Life Insurance Company and Primerica Life Insurance Company of Canada (Primerica Life Canada), offers term life insurance to clients in the United States, its territories, and Canada. The Company, through Primerica Financial Services, LLC; PFS Investments Inc.; Primerica Life Canada; PFSL Investments Canada Ltd., and licensed independent sales representatives, distributes and sells to its clients a range of investment products such as mutual funds; managed investments; variable, index-linked, fixed and fixed indexed annuities, and segregated funds. It distributes other products, including prepaid legal services and mortgage loan referrals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
