SOURCE: Spectrem Group

November 30, 2011 08:00 ET

U.S. Millionaires Concerned Over International Monetary Problems, Even as Investment Confidence Improves

Spectrem Millionaire Investor Index (SMICI (SM)) Advances 7 Points in November to -6; Spectrem Affluent Investor Confidence Index (SAICI (SM)) Up 1 Point to -13

CHICAGO, IL--(Marketwire - Nov 30, 2011) - Spectrem Group announced today that its Spectrem Millionaire Investor Confidence Index (SMICI (SM)) rose 7 points in November to -6, its biggest monthly gain since February 2011.

This advance, which follows five consecutive monthly declines and returns the index to neutral territory from mildly bearish, represents the millionaire index's second-largest gain this year, following its February 2011 advance of 15 points.

Meanwhile, the Spectrem Affluent Investor Confidence Index (SAICI (SM)), which measures the investment confidence and outlook of households with $500,000 or more in investable assets, rose 1 point to -13, remaining mildly bearish.

"Millionaires saw their investment confidence jump in November, following five straight monthly declines, as the broader affluent population demonstrated modest improvement. These advances came, however, as both millionaires and the affluent were highly focused on international problems. This suggests that further bad news from Europe's financial crisis could easily threaten the improved confidence of the wealthiest Americans," said George H. Walper, Jr., President of Spectrem Group.

Additional insights from the indexes are available on the Spectrem's Millionaire Corner website (www.millionairecorner.com). These include:

In response to an open-ended question about the news story most affecting their economic outlook, affluent investors in November cited: international problems (43%); the political environment (18%); unemployment (7%), stock market conditions (6%); the economy (5%), the deficit (4%), and oil and gas prices (1%). Those citing international problems rose from 7% in August 2011, the last time this question was asked, while those citing the political environment fell from 28%.

Millionaires' were equally focused on international problems (43%) but slightly less focused than the affluent on the political environment (16%).

Historical Performance

June July August September October November
Spectrem Affluent Investor Confidence Index(SM)
-9

-9

-18

-16

-14

-13
Spectrem Millionaire Investor Confidence Index(SM)
-1

-5

-9

-10

-13

-6

Methodology

The Spectrem Affluent Investor Confidence Index (SAICI (SM)) is based on 250 monthly email 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 Confidence Index (SMICI (SM)) is based on a subset of the overall survey group.

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, about investors designed to fuel financial growth. It incorporates Spectrem Group research as well as outside information. In the future, the site will offer financial advisor referrals.

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. Its professionals have held senior management positions at leading global companies.

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