CHICAGO, IL--(Marketwired - Aug 28, 2013) - Health care, more than stock market conditions or the political environment, is the ongoing news most impacting Affluent investors' economic outlook, according to a survey by Spectrem Group.
Spectrem Group also announced that the Spectrem Affluent Investor Confidence Index (SAICI®) plunged 9 points in August to -9, an eight-month low. The Spectrem Millionaire Investor Confidence Index (SMICI®) also fell 3 points to 3.
The monthly indices measure the investment confidence and outlook of households with more than $500,000 in investables and more than $1 million in investables, respectively.
"Affluent investors are closely monitoring the ongoing debates over the Affordable Care Act as it relates to their own financial situation and job security," said George H. Walper Jr., President of Spectrem Group. "Ongoing attempts to defund the legislation and the possibility of a government shutdown over the issue were prominent news stories this month.
"The dramatic drop in the SAICI is a reflection of heightened concerns this month about the economy and continued government gridlock as well as stock market volatility," Walper Jr. added.
Additional insights from the indices are available on Spectrem's Millionaire Corner website (www.MillionaireCorner.com):
Index Historical Performance
| April, 2013 | May, 2013 | June, 2013 | July, 2013 | August, 2013 | ||||||
| Spectrem Affluent Investor Confidence Index® | 2 | 2 | 2 | 0 | -9 | |||||
| Spectrem Millionaire Investor Confidence Index® | 8 | 5 | 7 | 6 | 3 | |||||
Methodology
The Spectrem Affluent Investor Confidence Index (SAICI®) is based on 250 monthly online interviews with the financial decision-makers in households with $500,000 or more in investable assets. The Index has a margin of error of plus or minus 6.2 percentage points. The Spectrem Millionaire Investor Confidence Index (SMICI®) is based on a subset of the overall survey group.
About Spectrem Group
Spectrem Group strategically analyzes its ongoing primary research with investors to assist financial providers and advisors in understanding the Voice of the Investor.
About Spectrem's Millionaire Corner
Millionaire Corner is an independent online resource for investors and about investors. With its Find an Advisor service, investors are able to search for financial and investment advisors to assist in growing their wealth.