The Spectrem Affluent Household Outlook surged in May to is highest reading since January 2011.
The Spectrem Affluent Household Outlook jumped 9.79 points in May to 18.31, the highest reading since January 2011, and the third consecutive monthly gain.
The Outlook is a monthly survey of Affluent attitudes toward four financial factors that impact their daily lives. Affluent investors expressed the most confidence in the Economy, which gained 16.99 points from 0 in April, the highest reading since March 2011, and the third consecutive month out of negative territory. Household Assets gained 15.25 points to 34.74, the highest reading since July 2007. Household Income gained 5.47 points to 9.20, a 13-month high. Company Health gained 1.45 points to 12.32, a 12-month high.
This is the second consecutive month that the overall Affluent Household Outlook and all of its components posted positive readings.
Our monthly survey of Affluent investors further breaks down attitudes and behaviors by Millionaire and Non-Millionaire households. May saw a bigger boost in overall Millionaire confidence in financial factors that impact their daily lives. The Millionaire Outlook gained 11.49 points to 22.10, the highest level since March 2011.
Millionaire investors expressed the most confidence in the Economy, which gained 27.51 points to 23.34, a 14-month high and the first positive reading in four months. Household Assets gained 20.11 points to 45.62, an almost six-year high. Company Health dipped 0.84 points to 10.36, while Household Income ticked downward 0.79 of a percentage point to 0.09.
The Non-Millionaire Outlook gained 7.07 points to 13.41, a 12-month high. Non-Millionaire investors surveyed in May expressed the most confidence in Household Income, which gained 12.05 points to 9.33, a 13-month high and the first positive reading in seven months.
Household Assets gained 7.49 points to 20.66, the highest reading since September 2007, while the Economy gained 4.39 points to 8.77, and Company Health gained 4.34 points to 14.87, a 12-month high.
May was the first month since February 2012 that the Non-Millionaire Outlook and all of its components posted positive readings.
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.