It’s no surprise that Millionaires and Non-Millionaires look at the economic world differently. In November, the difference was stark, and it was the Non-Millionaires with the positive outlook.
In October, the Spectrem Household Outlook for Millionaires was at its highest mark since April of 2007. In November, the Outlook for Non-Millionaires hit its highest level since February of 2006, while the Millionaire Outlook dropped precipitously.
The Spectrem Household Outlook asks investors to rank four financial components in their lives in terms of how they perceive them to be progressing. In the month of November, Millionaire investors registered an overall Household Outlook of 26.48, a drop of more than 11 points from their record-breaking mark in October.
Meanwhile, in November, non-Millionaires slotted the Household Outlook at 32.83, the highest mark since it reached over 34 in February of 2006.
The overall Outlook of all investors was at 29.40, a three-month low.
Here is a look at the outlook regarding each component:
52.00, down from 58.40 in October.
Millionaires were down by 20 points and non-Millionaires were up by 14 points since October. In both cases, the Outlook for Household Assets was close to the ranks recorded in August 2017.
22.00, a decrease from 24.00 in October.
The Household Income Outlook recorded its second month of decreases overall, but again, the drop was from Millionaire responses. Non-Millionaires saw their Income Outlook rise slightly to 21.74, nearly identical to the Millionaires Outlook of 22.22. Female investors and those who profess to be Democrats recorded notable drops in their Income Outlook in November.
18.4, down 8 points from October 2017.
Millionaires were completely responsible for the overall drop in the Economy Outlook in November, dropping their Outlook from 36.42, their highest mark in years, to 11.11. Non-Millionaires recorded a huge leap in Economy Outlook to 26.96, the highest mark since February of 2015.
25.20, an increase of more than 12 points from October and highest mark since May of 2007.
The Company Health Outlook jumped for both Millionaires and Non-Millionaires, and for Non-Millionaires it reached 28.70, the highest mark since October of 2007.
©2017 Spectrem Group