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Featured Advisor



Ed Meek
CEO/Investment Advisor

Edge Portfolio Management

City:Winfield

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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Economic Concerns Still Dominant, but Easing

The percentages of Americans mentioning any economic issue in June (53 percent) and May (52 percent) are the lowest since the fall of 2009.

| BY Donald Liebenson

It’s still the stupid economy.

One-fourth of Americans say the economy in general is the most important problem facing the country, according to a new  Gallup Poll. This is basically unchanged from the last two months. Following the economy, Americans are most concerned about unemployment and jobs (18 percent).

Dissatisfaction with the government is on the rise, from 15 percent in May to 17 percent in June. (17 percent). The survey was taken in the wake of news reports about the IRS allegedly targeting groups affiliated with conservative causes.

Other national economic issues Americans consider to be the most important problems facing the country are healthcare (9 percent) and the federal budget deficit and federal debt (7 percent).

On the plus side, Gallup notes, is that the percentages of Americans mentioning any economic issue in June (53 percent) and May (52 percent) are the lowest since the fall of 2009. mentions of the economy peaked at 86 percent in February 2009.

The remaining issues respondents cited are social issues such as ethics, morals and family decline (6 percent, up from 5 percent in May), immigration and illegal aliens (6 percent, up from 4 percent in April and 5 percent in May), education (5 percent, up from 4 percent the previous two months) and gun control, poverty and homelessness, crime, and lack of money (each 3 percent).

In wealth level studies conducted in the first quarter by Spectrem’s Millionaire Corner, concern over national issues is heightened over last year. Eighty-three percent of Millionaire investors with a net worth between $1 million up to $5 million (not including primary residence) said they are most concerned about the prolonged economic downturn. This is up from 78 pecent last year, 

 Similarly, 85 percent said they are most concerned about the political environment and partisan politics, up from 76 percent in 2012. Millionaires are more concerned this year over the national debt (80 percent vs. 76 percent), tax increases (71 percent vs. 60 percent) and inflation (69 percent vs. 64 percent).

Concerns over national issues are also heightened among Main Street investors with a net worth between $100,000 and $1 million (NIPR).  Eighty-six percent are most concerned about the stagnant economy, compared with 81 percent last year. Nearly eight-in-ten are worried about political gridlock vs. 73 percent last year. Concern about tax increase among these investors has surged from 63 percent last year to 76 percent.



About the Author


Donald Liebenson

dliebenson@millionairecorner.com

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.