|Report Shows Mass Affluent Negative On Economy But More Willing To Invest In The Near Term Than More Optimistic Millionaire Counterparts|
|Wednesday, October 10, 2012 13:35|
There is a confidence gap between mass affluent investors and the ultra wealthy. As many as 60% of mass affluent households have a negative view of the economy, down from 66% last year.
Forty-three percent of millionaires have a positive outlook, up seven points from the previous period.
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Yet, there was a 5% increase in plans for the mass affluent to invest in the near term and little indication the optimism of millionaires affected their near-term investment plans.
The Phoenix Marketing International Global Wealth Monitors track changes in the outlooks of mass affluent and millionaire investors on a monthly basis and gauges intentions to invest over the next three months.
The report looks at changes in plans to invest by specific asset categories as well as overall investment intentions.
The most recent survey was conducted in late August and early September and garnered responses from 1165 qualified participants.