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Affluent Investor Confidence Slips in May

May’s Affluent Investor Confidence indices reveal marked confidence gaps between men and women. 

| BY Donald Liebenson

Following three months of growth, the Spectrem Affluent Investor Confidence indices declined in May. The May Spectrem Millionaire Investor Confidence Index (SMICI®) dropped six points to 5, while the Spectrem Affluent Investor Confidence Index (SAICI®) fell four points to 0. The indices are down ten points and eight points, respectively, from May 2015.

Since 2004, the monthly Spectrem Affluent Investor Confidence indices have tracked changes in investing sentiment among the 16.3MM households in America with more than $500,000 of investable assets (SAICI), and those with $1MM or more (SMICI).  This month’s survey was fielded between May 19-25.

One of the drivers of the Spectrem Investor Confidence indices is a monthly survey of Affluent investors about how they would invest in the coming month. In May, Affluent investors were most likely to say that for the short term, they would hold on the investment sidelines. There was also a marked increase in investors who indicated they would invest in Bonds.

The Spectrem Affluent Household Outlook, a monthly measure of long-term (12 months) confidence in four financial factors that impact their daily lives, is another factor that impacts the indices. The Outlook inched higher in May, but there was a marked decline from April in Affluent investor confidence in the economy. This was perhaps fueled in part by the April jobs report that was released in the beginning of May. This closely-watched report found that the economy added only 160,000 jobs that month.

May’s Affluent Investor Confidence indices reveal marked confidence gaps between men and women and investors’ political affiliations. The SAICI for men is at 5 (a decline of 6 pts. from April) compared with -8 for women (a gain of 1 pt.), while the SMICI for men is at 7 (down 4 pts. from April) and at 2 for women (down 2 pts. from the previous month). Similarly, the Spectrem Affluent Household Outlook for men is at 21 (up 2 points from the previous month) and at roughly 13 for women (unchanged).

The SAICI for Affluent investors who identify as Republicans was significantly higher (5) in comparison to respondents who identify as Democrats (-4) and Republicans (-2).

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.