The Spectrem Affluent Household Outlook remained flat in August for the third consecutive month, ticking downward less than a point to 24.40, a four-month low. Since May, the Outlook has dipped 2.3 points from 26.70, which was a near seven-year high.
The Spectrem Affluent Household Outlook is a monthly measure of Affluent investor confidence in four financial factors that impact their daily lives. While three of the four factors posted modest gains, Household Assets fell 8.8 points to 50, another four-month low. Company Health gained 2.40 points to 16.80, the highest reading since December 2007. The Economy also gained 2.40 points to 9.60, a three-month high.
Year-over-year, the Spectrem Affluent Household Outlook is up 23.70 points.
Spectrem Group further breaks down Outlook measurement by Millionaire and non-Millionaire households. An increase in the non-Millionaire Outlook narrowed the gap between their Millionaire counterparts with the former gaining 4.22 points for a reading of 22.25, and the latter falling 5.78 points to 26.06, a four-month low.
Non-Millionaires expressed the most confidence in the Economy, which gained 18.49 points to 11.93, a three-month high. Company Health gained 7.3 points to 14.68. These gains were counterbalanced by drops in Household Assets (5.95 points to 44.94) and Household Income (3.88 points to 17.43, a four-month low).
Year-to-year, the non-Millionaire Outlook is up 31.79 points.
Millionaires did an about face on the Economy, which, after surging to a five-year high in July plummeted 12.51 points to 7.80, a five-month low. Household Assets dropped 13.29 points to 53.90, a four-month low, while Company Health dipped 2.65 points to 18.44. Household Income, though, gained 5.36 points to 24.11.
Year-to-year, the Millionaire Outlook is up 15.55 points.
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