The Spectrem Affluent Household Outlook, a monthly measure of long-term confidence in four financial factors that impact Affluent household’s daily lives, is down 7 points from April 2015.
The Spectrem Affluent Household Outlook slipped just over 3 points in April to 16.60. The Outlook, a monthly measure of long-term confidence in four financial factors that impact Affluent household’s daily lives, is down 7 points from April 2015.
The overall April Outlook is a driver of the Spectrem Affluent Investor Confidence Index, which gained just one point in April and is unchanged from the same period last year. Household Assets is at 41.60 points, down 2 points from March and just over 3.5 points from April 2015.
Household Income is at 20 points, up 1.60 points from March and up 2.60 points from April 2015. This is the third consecutive monthly gain for this category and the first time in 2016 that confidence in Household Income exceeds levels for the same period in the previous year.
Company Health is at 6.80 points, down almost 4 points from the previous month and down just over 8 points from April 2015.
At -2 points, the Economy suffered an 11-point drop in Affluent investor confidence in April. It is down over 18 points from the same period last year.
Among Affluent investors overall, the Household Outlook for Millionaires dropped 4.5 points in April to 16.80, while the Non-Millionaire Outlook dipped 1.43 points to 16.39. This is the closest margin between the two Outlooks since March 2013.
Millionaire household confidence in the Economy dropped 13.06 points to -3.91, a four-month low, while Non-Millionaire confidence in the Economy dropped just over 9 points to 0.
Analyzed by gender, Spectrem Group Affluent Household Outlook research finds that the Spectrem Affluent Household Outcome for men is 18.67 points in April, down from 21.95 points in March. The Outlook for women is 13.28, down from 15.70 points Affluent women have just slightly more confidence in Household Income compared with men (20.83 points. vs. 19.48 points), while confidence in the Economy is near or in near negative territory for men (0.65 of a point) and women (-6.25 points).
When examined by political affiliation, Affluent Household Outlook research finds that the Outlook is significantly higher for those who identify as Democrats (31.69 points) than it is for those who identify as an Independent (17.07 points) and Republican (8.78 points).
Affluent respondents who identify themselves as Republicans are feeling especially negative about the Economy (-25.53 points) than those who identify as Democrats (29.58 points), while
Affluent respondents who identify as Democrats are more confident than their Republican and Independent counterparts in Company Health and their Household Income and Household Assets.
Affluent respondents who identify as Independents, too, indicate more confidence in their Company Health and Household Income than those who are Republicans.
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.