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Featured Advisor



Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

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, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Post-Election Trauma Syndrome? Affluent Household Outlook At 15-Month Low

With fiscal cliff unresolved, confidence in the economy takes hardest hit

| BY Donald Liebenson

The Spectrem Affluent Household Outlook fell 28.17 points to -17.52, its lowest reading since August 2011.

The overall Outlook, a survey of Affluent attitudes toward four financial factors that impact their daily lives, slipped back into negative territory after a positive reading in October. For the first time in a year, each of the Outlook components posted simultaneous negative readings.

Perhaps it’s a case of Post-election Trauma Syndrome (PETS) or increasing concerns over the as-yet unresolved fiscal cliff. Affluent households surveyed by Millionaire Corner are not at all confident that the White House and Congress will agree to a bipartisan solution to avert the tax cuts and mandatory spending cuts scheduled to take affect at the end of the year. Eighty-six percent said they believe that their taxes are going to increase.

Regarding the Affluent Household Outlook, confidence in the Economy took the biggest hit, dropping -38.79 points to -33.92, its lowest reading since September 2011. Household Assets fell 34.78 points to -9.95, its lowest reading since November 2011. Company Health took a 28.86-point dive to -24.02, a more than eight-year low.  Household Income dropped 10.27 points to

-2.21, another one-year low.

Our monthly survey of Affluent investor attitudes and behaviors further breaks down findings by Millionaire and Non-Millionaire households. In both, the overall Outlooks suffered double-digit drops. The overall Millionaire Outlook plummeted 31.75 points to -15.25, the lowest reading since October 2011, while the overall Non-Millionaire Outlook fell 24.74 points to -20.23, the lowest reading since August. 2011.

Millionaire and Non-Millionaire households posted declines in every Outlook component, but the Millionaires readings were more severe. Confidence in the Economy fell 43.20 points to

-35.69, the lowest reading since September 2011. Household Assets dropped 39.81 to -2.37, a one-year low. Company Health dropped 33.44 points to -23.68, a more than eight-year low. Household Income dripped 10.58 points to 0.70, another one-year low.

The picture was near equally pessimistic in Non-Millionaire households. The Economy dropped 33.89 points to -31.80, a one-year low, while Household Assets fell 30.59 points to -19, a 15-month low. Company Health dropped 24.74 points to -24.42, the lowest reading since February 2009, while Household Income fell 10.39 points to -5.71.

 

 

 



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.