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Affluent Household Outlook
The Outlook continues to climb as concerns about economy wane Print E-mail
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All components of the Outlook rose this month, with the biggest rise from the Economy component (up 12), signaling perhaps, an end to much of the fear and doubt surrounding the economic downturn. The wealthy are settling in for a long wait, but are not panicking about the economy.
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The Outlook dives to lowest point after a very rough month Print E-mail
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After a rollercoaster month of governmental missteps and market ups and downs, the Household Outlook plummets 17.3 to it’s lowest point ever, in it’s largest drop ever as well. Company health took a big hit as well as the economy took a big drop among Millionaires, who are getting nervous about the Wall Street bailout and dire predictions that this recession could last another 24 months, at least. 
 

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Plummets in the wake of instability Print E-mail
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The Household Outlook fell to it’s lowest point ever (-6.7) in the wake of foreign and domestic market instability and continuing real estate and credit woes.  Every measure of the Outlook fell, with the economy measure leading the downward charge with a drop of 26 to –44.2 this month. Considering the grizzled state of the market and economy, this is no surprise.  Non-millionaires felt this much more keenly than their millionaire counterparts, as their measure fell father in each category, dragging the outlook down with them. 
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Rises incrementally following a rocky January Print E-mail
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Following one of the most economically unstable months in many years, the Affluent Household Outlook rose very slightly (6.4), maybe not signaling less anxiety, but rather a “wait and see” attitude. Fueling the overall upswing was a 17.2 rise for the economic measure, though the Household Income measure fell 4.

 

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Weighted down by perceptions of falling assets and income Print E-mail
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The Spectrem Affluent Household Outlook dropped to(-4), second only to January of this year (-6.7). Dragging it down were the components of Household Income which dropped 11.6 and Household Assets which dropped a whopping 10 points. Surprisingly, Company Health rose from 3.9 to 6.0 and the Economy component rose 0.5. The  Affluent are feeling the pinch of recession in the Income and Assets categories. These could be harbingers of tougher times ahead and the Affluent, like the rest of America, may be envisioning a time when they have to tighten their belts and readjust their spending habits, as the economy slows.
 
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