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APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Non-Millionaires Buoy June Spectrem Affluent Household Outlook

There is scant difference between the Millionaire Outlook (26.97 points) and the Non-Millionaire Outlook (25 points), the smallest margin since December 2013.

| BY Donald Liebenson

The Spectrem Affluent Household Outlook ticked downward in June to 26, just .70 of a percentage point off last month’s reading of 26.70, which was a near seven-year high.

The Spectrem Affluent Household Outlook is a monthly measure of Affluent investor confidence in four financial factors that impact their daily lives. Household Assets jumped 11.14 points in June to 61.20, the highest reading since February 2006. But all other components posted declines. The Economy dropped 5.55 points to 6.80, a six-month low. Company Health fell 4.94 points to 10.80, a four-month low. Household Income dipped 3.43 points to 15.48, a three month low.

Year-over-year, the Spectrem Affluent Household Outlook is up 12.36 points

Spectrem Group further breaks down Outlook measurement by Millionaire and non-Millionaire households. There is scant difference between the Millionaire Outlook (26.97 points) and the Non-Millionaire Outlook (25 points). This is the smallest margin since December 2013, which may have reflected optimism for the coming year.

Non-Millionaire households are buoying the Affluent Household Outlook. The Non-Millionaire Outlook posted its second consecutive gain in June, a feat it had not accomplished since November and December of last year. Household Assets surged 20.15 points to 60.98, the highest reading since June 2005. Household Income ticked upward 2.37 points to 26.02, the highest reading since May 2011. But the Economy dropped 11.37 points to 0.81, a four-month low, while Company Health fell 4.02 points to 12,20, a three-month low.

Year-to-year, the Non-Millionaire Outlook is up 22.36 points.

The Millionaire Outlook saw more modest declines in three of the four components. Household Income fell 9.04 points to 24.41, a three-month low, while Company Health dropped 5.82 points to 9.45, a six-month low. Household Assets gained 2.41 points to 61.42, a seven-month high.

Year-to-year, the Millionaire Outlook is up 6.57 points.

About the Author

Donald Liebenson

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.