CHICAGO, IL--(Marketwire - Jul 25, 2012) - Spectrem Group announced today that its Spectrem Affluent Investor Confidence Index (SAICI®) dropped 6 points in July to a neutral -10, the lowest reading in eight months. The Index measures the investment confidence and outlook of households with $500,000 or more in net worth.
The Spectrem Millionaire Investor Confidence Index (SMICI®) fell 8 points to a neutral -7, a nine-month low.
"Millionaire and Non-Millionaire households continue to question whether the economic recovery is gaining traction," George H. Walper, Jr., President of Spectrem Group, said. "Confidence in the economy in Non-Millionaire households especially is at its lowest level since last October. Affluent households are increasingly concerned about the continuing partisan political climate in this election year and whether our elected officials can work together to fix the economy."
Additional insights from the indexes are available on Spectrem's Millionaire Corner website (www.millionairecorner.com). These include:
Affluent Investor Confidence Drops to Eight-Month Low
Non-Millionaires Back Off on Investments in July
Index Historical Performance
| March, 2012 | April, 2012 | May, 2012 | June, 2012 | July, 2012 | |
| Spectrem Affluent Investor Confidence Index® | 5 |
2 |
-5 |
-4 |
-10 |
| Spectrem Millionaire Investor Confidence Index® | 10 |
8 |
3 |
1 |
-7 |
Methodology
The Spectrem Affluent Investor Confidence Index (SAICI®) is based on 250 monthly online interviews with the financial decision-makers in households with $500,000 or more in investable assets. The Index has a margin of error of plus or minus 6.2 percentage points. The Spectrem Millionaire Investor Confidence Index (SMICI®) is based on a subset of the overall survey group.
About Spectrem Group
Spectrem Group is a strategic consulting firm specializing in the affluent and retirement markets, integrating proprietary research with expertise in building business, marketing and M&A strategies.
About Spectrem's Millionaire Corner
Spectrem's Millionaire Corner website (www.millionairecorner.com) is a powerful source for up-to-the-minute news and information for investors and offers investors the ability to search for a financial advisor.