SOURCE: Spectrem Group

September 02, 2009 08:00 ET

Spectrem Millionaire Investor Index (SMII)® Rises 6 Points in August to -10

Reaches Neutral Territory for Second Time This Year; Spectrem Affluent Investor Index (SAII)® Improves 1 Point to -18

CHICAGO, IL--(Marketwire - September 2, 2009) - Spectrem Group announced today that its Spectrem Millionaire Investor Index (SMII)® rose 6 points in August to -10, improving to a neutral level for only the second time this year.

The advance, which follows a 4-point gain in July, brings the millionaire index into neutral territory, from mildly bearish, for the first time since May 2009. Prior to that, it was last neutral in August 2008.

Meanwhile, the Spectrem Affluent Investor Index (SAII)®, which measures the investment outlook of households with $500,000 or more in investable assets, rose 1 point to -18, a mildly bearish reading.

"Millionaires grew more optimistic about the investment environment in August, improving to a neutral stance for just the second time this year. However, the broader affluent population remained mildly bearish, with both groups highly focused on health care reform. It seems clear that the nation's wealthiest investors remain cautious, amid uncertainty on multiple fronts, as we move out of summer and into the fall," 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 August cited: health care reform (40%); the economy (11%); the political environment (10%); stock market conditions (6%); housing and real estate (5%); and increasing oil and gas prices (1%). August 2009 was the first month the response "health care reform" was tracked.

Millionaires were slightly less concerned about health care reform (38%) and the economy (10%) in August than the affluent.

Historical Performance

                  March    April     May       June      July     August
                --------  -------  --------  --------  --------  --------
 Index(R)          -30      -21       -12       -20       -19       -18
                --------  -------  --------  --------  --------  --------
 Index(R)          -26      -19        -2       -20       -16       -10
                --------  -------  --------  --------  --------  --------


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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