Affluent Americans Downbeat On Economy
Pessimism has taken hold of America’s high-net-worth households. Two thirds of these households – those with
Their view of their own finances, however, is anything but bleak. Close to three-quarters of high-net-worth Americans were confident that they will achieve their financial goals, with only one in five less confident now than they were in 2007. More than four in 10 (41%) cited improved investment returns as the main reason they feel better off today, according to the survey.
Wealthy Americans were split on their primary investment objectives, with 37% leaning toward growing wealth and 23% focused on generating income. The remainder said their paramount concern was capital preservation.
A different picture emerges for less affluent Americans. Confidence among the mass-affluent, or those with an average of
The survey polled 1,700 mass-affluent, affluent and high-net-worth individuals
|Copyright:||(c) 2013 Financial Planning. All rights Reserved.|
|Source:||Source Media, Inc.|