The Spectrem Affluent Household Outlook fell 6.36 points in February to 8.98, a four-month low.
Non-Millionaires drove the reversal, indicating significantly less optimism than their Millionaire counterparts in four financial factors that impact their daily lives. The Spectrem Affluent Household Outlook is a monthly measure of Affluent investor confidence.
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There were drops in all four components that comprise the Spectrem Affluent Household Outlook. Household income suffered the largest decrease, -10.69 points to 1.17, a six-month low.
Household assets fell 7.91 points to 8.98, a four-month low. The economy decreased 6.65 points to 7.90, another four-month low. Company health ticked downward .75 of a percentage point to 4.97.
Between Millionaire and Non-Millionaire households. The Non-Millionaire Outlook in February fell 11.29 points to -0.38, another four-month low. Household Income, Household Assets and Company Health each posted double-digit drops.
Millionaires generally express higher confidence in their financial situation than their Non-Millionaire counterparts and February was no exception. The Spectrem Millionaire Outlook dipped just 1.68 points to 17.98.
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By GlobalData
