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Featured Advisor



Asset Preservation Advisors




City:Atlanta

State: GA



BIOGRAPHY:
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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June 26, 2015 Millionaire Fact of the Day

June 26, 2015 Fact of the Day:  Who is the bill payer in affluent households?

 

 

 


 

 


 


 

Who pays the bills in your household?  Apparently, gender has little influence on who the chief bill-payer is in each household.  In recent research with wealthy investors conducted by Spectrem Group, it was found that in 35 percent of households the husband paid the bills while in 30 percent of households the wife paid the bills.  In 28 percent of households, both individuals paid bills.  In wealthier households, those with more than $5 million of net worth, husbands were more likely to pay the bills at 45 percent. 

a.       In sixty percent of households, online bill payment is the preferred approach.  Twenty-eight percent prefer auto-pay.  Only 12 percent continue to write traditional checks. 

 

b.      Interestingly, age has little impact on how bills are paid with 56 percent of those over 61 choosing online bill payments compared to 53 percent of those under the age of 40.

 

To get more information about the pulse of Affluent investors, click here