CHICAGO, IL--(Marketwire - December 30, 2009) - Spectrem Group (
www.spectrem.com) announced
today that its Spectrem Affluent Investor Confidence Index (SAICI (SM)) fell
5 points in December to -15, returning to mildly bearish territory.
The decline in the index, which measures the investment confidence and
outlook of households with $500,000 or more in investable assets, follows a
5-point gain in November 2009 and ends the year with the affluent index
mildly bearish for 11 of 12 months.
Meanwhile, the Spectrem Millionaire Investor Confidence Index (SMICI (SM))
fell 6 points in December to -10, its fifth-straight month in neutral
territory.
(IMPORTANT NOTE: Beginning today, the Spectrem indexes will be released on
the last Wednesday of each month.)
"Affluent investors and millionaires saw their investment confidence
decline in December, with the affluent returning to a mildly bearish
stance. While more positive on the economy, rising concerns about the
political climate are making wealthy Americans a little less optimistic
heading into the New Year," said George H. Walper, Jr., President of
Spectrem Group.
In response to an open-ended question about the most serious threat to
achieving their financial goals, affluent investors in December cited: the
political climate (22%); the economy (18%); unemployment (12%); market
conditions (6%); inflation (6%); and health-related issues (4%). Those
choosing the political climate rose from 16% in September 2009, the last
time this question was asked, while those citing the economy fell from 24%.
Millionaires expressed more concern about the political climate (24%) than
the affluent but less about the economy (16%).
Historical Performance
July August September October November December
---- ------ --------- ------- -------- --------
Spectrem Affluent Investor
Confidence Index(SM) -19 -18 -13 -15 -10 -15
---- ------ --------- ------- -------- --------
Spectrem Millionaire
Investor Confidence
Index(SM) -16 -10 -5 -7 -4 -10
---- ------ --------- ------- -------- --------
Methodology
The Spectrem Affluent Investor Confidence Index (SAICI (SM)) is based on 250
monthly interviews with the financial decision-makers in households with
$500,000 or more in investable assets. The data have a margin of error of
plus or minus 6.2 percentage points. The Spectrem Millionaire Investor
Confidence Index (SMICI (SM)) is based on a subset of the overall survey
group.
Contact Information: Contact:
George Walper
(312) 454-3320
gwalper@spectrem.com