Wealthy More Confident In Economy


    A surge of confidence in the economy helped lift the ‘Spectrem Investor Confidence’ indices in March to positive levels for the first time in 2016, says Spectrem Group. The ‘Spectrem Millionaire Investor Confidence Index (SMICI)’ rose three points to five. The ‘Spectrem Affluent Investor Confidence Index (SAICI)’ gained six points to three. “Equity investment among affluent investors remains flat,” says George H. Walper, Jr., president of Spectrem. “But a further easing of market volatility, a strong February jobs report, and low oil prices helped to lift the confidence of affluent investors in the economy, which spurred a double-digit increase in March in the ‘Spectrem Affluent Household Outlook’.” According to the report, affluent investors cite market conditions, the economy, and the political climate to be the most serious current threats to achieving their household’s financial goals.