W&AM Insights: Optimism Increased Substantially Among HNW Investors
ECONOMIC OUTLOOK – July 2019 Measurement
The W&AM Economic Optimism trend line rose considerably from June to July. Optimism shot up 13 percentage points to 77% among HNW households, and increased to 69% among the Mass Affluent.
INVESTING OUTLOOK – July 2019 Measurement
The W&AM Investment Optimism trend line declined 3 percentage points among the Mass Affluent, from 33% to 30% in July. Among HNW investors, there was a 5 percentage point decline, to 26%.
With the S&P breaking 3000 for the first time, affluent households were feeling more positive about their personal finances and the overall economy. However, their appetite to invest new money was limited as they planned to wait for better entry points.