SOURCE: Spectrem Group

March 04, 2009 08:00 ET

Spectrem Millionaire Investor Index (SMII)® Falls 13 Points in February to Near-Record Low of -34

Millionaires Return to Bearish Territory as Economic Concerns Mount; Spectrem Affluent Investor Index (SAII)® Drops 10 Points to -38

CHICAGO, IL--(Marketwire - March 4, 2009) - Spectrem Group (www.spectrem.com) announced today that its Spectrem Millionaire Investor Index (SMII)® fell 13 points in February to -34, its second-lowest level ever.

The index's decline, the third-largest since its February 2004 inception, returns the millionaire index to bearish territory, which it previously reached in November 2008 when it set its all-time low of -39.

Meanwhile, the Spectrem Affluent Investor Index (SAII)®, which measures the investment outlook of households with $500,000 or more in investable assets, fell 10 points in January to -38, which is also bearish. The affluent index's record low of -39, identical to the millionaire index's, was set in November 2008.

"Millionaires and affluent investors alike saw their investment optimism fall to near-record lows in February, all but wiping out the modest improvements registered over the two prior months. With both groups' concerns over the economy skyrocketing despite government stimulus plans, it is clear that the wealthiest Americans feel the crisis remains far from a turning point," said George H. Walper, Jr., President of Spectrem Group.

In response to an open-ended question about the news story most affecting their economic outlook, affluent investors in February cited: the economy (60%); stock market conditions (10%); housing and real estate (5%); and the political climate (4%). Those choosing the economy rose from 42% in November 2008, the last time this question was asked, while those choosing stock market conditions fell from 17%.

Millionaires expressed slightly more concern about the economy (61%) than the affluent but were slightly less worried about stock market conditions (9%).

Historical Performance

                       September October November December January February
                       --------- ------- -------- -------- ------- --------
Spectrem Affluent
 Investor Index®           -22     -30      -39      -31     -28      -38
                       --------- ------- -------- -------- ------- --------
Spectrem Millionaire
 Investor Index®           -18     -24      -39      -23     -21      -34
                       --------- ------- -------- -------- ------- --------

Methodology

The Spectrem Affluent Investor Index® is based on 250 monthly interviews with the financial decision-makers in households with $500,000 or more in investable assets. The data have a margin of error of plus or minus 6.2 percentage points. The Spectrem Millionaire Investor Index® is based on a subset of the overall survey group.

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