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Plummets in the wake of instability |
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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.
As the economy groans under the weight of all that is occurring and investors panic, it will be a test for the affluent to keep their heads.
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Household Outlook 
