Household Outlook and the Election
Is your personal economic future bright or dark?
Spectrem’s new research, Election 2020, asked investors whether their household finances are aiming upward or downward. The research will be updated monthly until the presidential election, so that advisors can see how investor attitudes on the subject change as the presidential election draws closer.
For the first month, 34 percent of investors say their household income will increase over the next 12 months. Only 5 percent believe their household income will decrease.
However, results were not the same when the topic was household assets, which is more about investment performance. Forty-nine percent expect the value of their household assets will increase over the next 12 months, compared to only 7 percent who believe those assets will decrease.
It’s noteworthy that while a majority of investors (62 percent) do not expect a change in their household income over the next year, only 45 percent believe their household assets will not change significantly.