The overall Spectrem Affluent Household Outlook, which is based on investor attitudes regarding issues that impact their daily lives, rebounded strongly after three straight months of declines, rising from a neutral 5.2 to a mildly bullish 16.7.
Every Outlook component posted overall gains. Confidence was greatest regarding Household Assets, which leaped 19.4 points to 26.6. The Economy jumped 14.5 points to 4.5, while Household Income also enjoyed a double-digit gain, increasing 11.5 points to 19.7. Company Health was not as strong, showing a comparatively modest gain of 3.9 points to 16.7.
Non-Millionaires were more positive this month regarding each Outlook component. The overall Non-Millionaire Outlook jumped 21.1 points to 21.6. Confidence in Household Income leaped 25.3 points to 33.5. Company Health gained 24.1 points to 25.9. Household Assets increased 21.3 points to 20.4, while the Economy rose 17.7 points to 6.8.
Millionaires painted a less rosy picture. The overall Millionaire Outlook rose just 2.2 points to 13.1. Confidence in Household Income and Company Health were down 4 points and 15.1 points, respectively. But Household Assets gained 17.4 points to 30.2 and the Economy gained 10.6 points to 2.0.