The Spectrem Affluent Household Outlook remained in positive territory for the third consecutive month, but the overall Outlook, based on investor attitudes regarding issues that impact their daily lives, dipped 1.47 points to 11.17.
Of the four components that comprise the Affluent Household Outlook, Company Health experienced the biggest drop, 6.71 points to 2.64. Also down was Household Income (1.47 points to 7.42).
Confidence in Household Assets edged up 1.5 points to 19.22, as did the Economy, which rose 1.76 to 15.40, the highest level in a year.
The overall Outlook’s drop was precipitated primarily by negative attitudes in Non-Millionaire households. The Non-Millionaire Outlook suffered a double-digit drop, 14.46 points to -6.58. Confidence in Household Assets plunged 24.18 points to a -16.65. The Economy dropped 15.03 points to -3.94, and the Household Income component dropped 14.80 points to -5.90. Company Health dipped 3.81 points to 0.19.
The overall Millionaire Outlook edged up 2.04 points to 19.21, the highest level in a year. Increased confidence in Household Income (up 2.73 points to 13.46) and Household Assets (up 8.03 points to 35.47, the highest level since October 2007) were not enough to offset drops in the Economy (down 8.09 points to 24.16, but still the highest level in a year) and Company Health (down 10.69 points to 3.76).
Last month, both Millionaire and Non-Millionaire households simultaneously posted positive readings in all Outlook components for the first time since May 2011.
The overall Non-Millionaire Outlook gained 14.63 points to 7.88. Household Income and Household Assets gained 16.92 points and 16.19
Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.
A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.