Increased confidence in the Economy pushed the Spectrem Affluent Household Outlook into positive territory for the first time since July 2011. The overall Outlook, based on investor attitudes regarding issues that impact their daily lives, increased 5.6 points to 2.68.
The Outlook’s rise was driven primarily by more optimistic attitudes reflecting confidence in the Economy, which, while still in negative territory (-1.58) did jump 15.34 points, the largest increase in a year. Household Assets rose 8.68 points to 7.43. Company Health, though, dipped 1.33 points to -0.58, and Household Income ticked downward .31 points to 5.44.
Millionaire households begin the New Year in an up mood. The Millionaire Outlook gained 5.51 points to 11.38, its highest reading since May 2011. Confidence in the Economy gained 9.5 points to -1.01 and Household Assets increased 6.57 points, both eighth- month highs. Household Income gained 3.81 points to 17.87, and Company Health rose 2.18 points to 6.38.
The Non-Millionaire Outlook remained in negative territory for the eighth consecutive month, but it posted an overall gain of 5.23 points to (-6.75). Readings for Outlook components were mixed, with confidence in the Economy surging 21.34 points to -2.20 and Household Assets gaining 10.09 points to -8.66. But Company Health fell 5.31 points to -8.12 and Household Income dropped 5.20 points to -8.02.
