The seesaw nature of the Spectrem Affluent Household Outlook continued in December with a dip of more than 4 points.
The Affluent Outlook, a monthly measure of Affluent investor confidence in four factors that impact their daily lives, gained nearly 18 points in September, dropping 13 points in October, and then regaining nearly 13 points last month. In December it dipped again to 13.72. The Outlook is up 17.21 points from the same time last year.
Household Assets took the biggest hit, dropping 6.2 points in December to 31.07. The Economy declined 5.05 points to 5.91, while Company Health dipped almost four points to 5.41. Household Income dipped 1.51 points to 12.51.
Spectrem breaks down the Affluent Household Outlook between Millionaire and Non-Millionaire households. A significant drop in the Millionaire Outlook brings it into line with their Non-Millionaire counterparts, who are not all that down on their financial situation. The Millionaire Outlook dropped 16.57 points to 14.43, a four-month low. Household Assets suffered the biggest drop, nearly 28 points, to 35.59, while Company Health dropped 17.40 points to 1.23, a nine-month low. The Economy fell almost 14 points to 6.38, and Household Income fell almost 7 points to 14.54.
The Non-Millionaire Outlook rose almost 12 points to 13, a seven-month high. Each of the Outlook components posted gains. The biggest was Household Assets, which increased 22.55 points to 26.48, the highest reading since September 2007. Company Health increased 12.46 points to 9.9, another seven-month high. The Economy increased 6.39 points to 5.43, a five-month high, while Household Income gained 5.94 points to 10.45.
At this time one year ago, the Household Outlook was -3.49, a negative reading driven by the Non-Millionaire Outlook, which stood at -14.12. The Millionaire outlook was 5.29.