PRIMERICA HOUSEHOLD BUDGET INDEX™ (HBI™): Purchasing Power for Middle-Income Americans Saw Modest Gains in June as Gas Prices Fell
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, is estimated at 100.1% in June, up 1.8% from May and up 0.2% from a year ago. The increase in purchasing power was driven primarily by lower gas prices in June. Small declines in health care costs and modest reductions in auto insurance rates also contribut.