The Spectrem Affluent Household Outlook, which has fluctuated since last January, fell 10.46 points to 4.29, its lowest reading since the beginning of the year.
The Outlook, a survey of Affluent attitudes toward financial factors that impact their daily lives, posted decreases in all four components. Overall confidence in Household Assets took the biggest hit, dropping 15.94 points to 11.49, a four-month low. Household Income dropped 12.21 points to 5.37, a six-month low. Company Health declined 7.63 points to 0.24, while Confidence in the Economy dropped 6.04 points to 0.07, both four-month lows.
Breaking down Affluent households, we find Millionaire investors with a much more positive Outlook. Although it dropped 7.89 points to a four-month low, the Millionaire Outlook is at 13.07. In comparison the Non-Millionaire Outlook dropped 11.93 points to -5.08.
Millionaire confidence in Household assets posted the biggest loss. It dropped 22.78 points to 20.08, a six-month low. Household Income fell 9.59 points to 6.27, a six-month low, while Company Health dripped .6 of a point to 12.69. Confidence in the Economy ticked upward 1.44 points to 13.25.
Non-Millionaire households posted lower readings and steeper drops in all Outlook components. Company Health posted the biggest loss of 22.86 points to -13.06, the lowest level since July 2011. Household Income dropped 15.36 to 4.40 and the Economy dropped 12.86 points to -14, a five-month low. Household Assets fell 5.48 points to 2.32.
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.