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Mass Affluent Investors Optimism Decreases in August

September 9, 2021

Economic Outlook

Phoenix Wealth & Affluent Monitor Economic Optimism decreased among both Mass Affluent and High Net Worth investors in August. Mass Affluent Optimism decreased significantly, from 60% in July to 54% in August while Economic Pessimism increased only three percentage points, to 37% in August from 34% in July. Those “unsure” about the future of the U.S. economy increased from 7% in July to 9% in August. Among HNW investors, Economic Optimism decreased only two percentage points, from 64% in July to 62% in August, while Pessimism increased three percentage points to 32% in August.

Investing Outlook

Among Mass Affluent investors, the Phoenix Wealth & Affluent Monitor Investment Outlook has changed little since March 2021. In August, Mass Affluent investors who expect to increase their investments decreased by one percentage point to 38% and those who expect to make no changes to their investments also decreased one percentage point to 57%. Among High Net Worth investors, Investment Outlook increased in August with those who expect increase their investments increasing by four percentage points to 42% from 38% in July. Those who claim that their investments will remain unchanged decreased from 56% in July to 55% in August.


The ongoing increase in COVID-19/Delta variant cases and the unfolding crisis in Afghanistan likely contributed to a decrease in the Economic Outlook among Mass Affluent investors, a sentiment not shared by High Net Worth investors, who reported a statistically negligible decrease in their confidence in the future of the U.S. economy. The relatively strong Investment Outlook among both Mass Affluent and High Net Worth investors is a more telling sign that, despite minor fluctuations, the economy is still strong.


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