There may come a time when politics no longer drives all conversations in America, but that time is not now.
For Spectrem’s monthly Investor Confidence Indices, there is always one directed question that comes up on a three-month rotation. For March, the question was “What is the most serious threat to achieving your household’s financial goals?”
Once again, “political climate’’ took the top spot, with 18 percent of investors choosing politics as the factor most impacting their household’s finances. That was actually a 2 percent decrease from the 20 percent who chose that answer back in December, when that specific question was last asked.
Back in March of 2017, “political climate” received 30 percent of the nods from investors, which is a very high level of agreement on one topic as the major barrier. Back in March of 2018, when the same question was asked, 26 percent of respondents said “political climate”” was the major news story impacting investor finances. So perhaps the concern over politics has actually dropped over the past year.
At 13 percent, “the economy’’ and “market conditions’’ tied for second place in the survey, although “market conditions’’ actually dropped from 22 percent in the December rating.
The only other answer to draw significant response was “inflation’’ which 6 percent of investors chose. When the Federal Reserve Board chose in mid-March to keep interest rates steady rather than raise them, concerns over inflation may have slid away for some investors.
The political climate is apparently more of an issue for Millionaires than it is for investors overall, as 20 percent of Millionaires selected political climate as the most serious threat to their financial goals. Among retired investors, “political climate” was selected by 24 percent of respondents compared to just 15 percent among working investors. The working investors were fairly evenly split between “political climate” (15 percent), “market conditions” (15 percent), “inflation” (14 percent) and “economy” (14 percent).
©2019 Spectrem Group