|
Outlook sinks again amid rising jobless rates and falling assets |
|
|
The Outlook was only one part of the SAII that hit a new all-time low this month. In what seems a delayed reaction to the news that overwhelmed the country in October, the measure for Household Assets dropped 23.3 points from last month, dragging down the Index as a whole.
Surprisingly, the Economy measure of the Outlook did not drop significantly, only 2.6 suggesting the affluent were reacting to the other harbingers of doom that the news has been decrying, like hiring freezes, lost of year-end bonuses and a general uncertainly as the $700 billion bailout plan goes into effect. Company Health dropped significantly for millionaires, which added their overall 15 pt. drop for the Index.
|
High Net Worth Advisor Insights Newsletter April 2008
