Wealthy investors more worried about the economy
Only ultra high net worth investors, with at least $5 million in assets, didn’t list the slow pace of the recovery as their chief concern. Instead, the national debt, cited by 82% of the wealthiest investors, and the contentious political environment, listed by 80%, beat out the lackluster economy. Even so, the economy came in third, with 77% of ultra high net worth investors naming it as a concern, up from 69% a year ago.
“With the unemployment rate remaining high, the continuing volatility in the stock market and gasoline prices, and a high-stakes presidential election looming, wealthy investors are anxious about the country’s outlook,” says George H. Walper, Jr., president of Spectrem Group. “You can expect a strong turnout among these voters.”
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