Stock Market Conditions are the primary factor most affecting Affluent household investment plans, according to the highest percentage (26 percent) of investors surveyed by Spectrem Group. Twenty-two percent cited “retirement issues” as having the biggest impact on their current investment plans, while 11 percent responded, “the economic environment” and 7 percent “household income.” A mere two percent mentioned “the political climate.”
Stock market conditions and retirement were of heightened concern among Millionaire respondents (27 percent and 26 percent, respectively).Focus on stock market conditions, while still the primary factor impacting the investment plans of Affluent households, has waned since October 2013, when nearly four-in-ten (37 percent) gave that response. From 34 percent in January, it further dropped to 31 percent in April, when this question was last asked.The economic environment has remained basically unchanged since January.The focus on retirement issues as the primary factor impacting investment plans has gradually risen since last January from 14 percent to 17 percent in April and 22 percent in July.The scant showing for the political climate may be just a sign of fatigue with the persistent partisanship and inaction of lawmakersThis is one of several recurring questions surveyed by Spectrem Group on a tri-monthly basis. The question is open-ended, an indication that in terms of investment plans, Affluent investors are more focused on domestic factors such as the U.S. stock market and financial planning issues, such as retirement, than they are about international news, which flared up in July in Ukraine and the Middle East.