W&AM Insights: Economic optimism soars heading into 2018
ECONOMIC OUTLOOK December 2017
After lacking direction through November, the W&AM Economic Optimism Index increased sharply in December: for the HNW market, the index gained 12 points to 83%, an all-time high. Among Mass Affluent, the index gained 6 points to 72%.
INVESTING OUTLOOK – December 2017
The W&AM Investment Optimism trend line continued to climb for a third straight month among HNW households, gaining 5 points to 44%. Mass Affluent were not as bullish, as their investing outlook continued to decline (dropping 5 points to 28%).
With the promise of lower tax bills and robust consumer and business spending at year-end 2017, affluent and HNW investors were very optimistic about the outlook for the U.S. economy. While Mass Affluent continued their wait-and-see approach towards investing, HNW investors continued their enthusiasm about putting more money to work in the equities markets.
MASS AFFLUENT INVESTORS – $250K-$999K INVESTABLE ASSETS
HNW INVESTORS – $1MM+ INVESTABLE ASSETS
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