the Spectrem Affluent Investor Confidence indices remained essentially unchanged during the period, Spectrem Group reported today in its High Net Worth Insights newsletter.
Notable in February was a surge in the Spectrem Non-Millionaire Household Outlook, a monthly measure of financial factors that impact the daily lives of affluent households. The Millionaire Household Outlook is generally higher than it is for non-Millionaires, but in February, driven by the highest level of confidence in the economy in two years, non-Millionaires closed the gap to within 2.6 points, the narrowest margin in four months.
“For the second consecutive month, there has been a higher number of Affluent investors indicating interest in moving off the investment sidelines in the coming month, just not necessarily into equities,” said Spectrem President George H. Walper, Jr. “Non-Millionaires, more than Millionaires, are feeling Wall Street’s optimism and are indicating a surge of confidence in the long-term prospects for the U.S. economy.”
The monthly Spectrem Affluent Investor Confidence indices track changes in investment sentiment among the 16.3MM households in America with more than $500,000 of investable assets (SAICI), and those with $1MM or more (SMICI). This month’s survey was fielded between February 16-22, 2017.