Optimism Among Wealthy Americans Is Down, Economy Worries Are Up - News and Current Events | futures.io
futures.io futures trading

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

Optimism Among Wealthy Americans Is Down, Economy Worries Are Up
Started:June 1st, 2012 (05:26 PM) by kbit Views / Replies:204 / 0
Last Reply:June 1st, 2012 (05:26 PM) Attachments:0

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Optimism Among Wealthy Americans Is Down, Economy Worries Are Up

Old June 1st, 2012, 05:26 PM   #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,839 since Nov 2010
Thanks: 3,275 given, 3,321 received

Optimism Among Wealthy Americans Is Down, Economy Worries Are Up

After two consecutive months of improvement, optimism among America’s wealthiest has dipped due to continued concerns about the economy and the job market.

Forty-five percent of those who live in households making $100,000 or more a year are optimistic about the economy, down 5 percentage points from March. And while the current optimism level is still higher than during the last half of 2011, a significant number of wealthy Americans think the United States is heading in the wrong direction economically – and won’t recover for another two years.

Despite the National Bureau of Economic Research indicating that the recession officially ended in June 2009, 39 percent think the downturn won’t end until 2014 or later (up 6 percentage points from March). Another 15 percent say the recession won’t end — ever.

The results come from the April 2012 Mendelsohn Affluent Barometer, first revealed to CNBC. The Barometer studies the lifestyles, spending patterns and media habits of today’s affluent Americans.

Fifty percent say the economy is still their biggest concern (up 6 percentage points from March). Specifically, 69 percent of affluents (up 3 percentage points from March) still say that a decrease in the unemployment rate is the most important change that would make them more optimistic about the economy. More than 40 percent indicate stability on Wall Street would also contribute to more optimism (up 11 percentage points from March).

Among all affluents, optimism about their own prospects has also dropped. Forty-nine percent believe they personally will be better off 12 months from now, down four percentage points from March.

The more you make, however, the more optimistic you are. Two-thirds of adults living in households with incomes of $250,000 or more think the future looks brighter — and that’s up 6 percentage points from the previous Barometer.

There are other differences between the two income groups: households making $100,000 or more still prefer gold as the best investment right now, while those in households of $250,000 or more like real estate more.

Affluents were also surveyed about their media device ownership and usage by Mendelsohn. The most popular digital gadgets were, unsurprisingly, TVs and cameras. Nearly two-thirds of wealthy Americans surveyed own a flat-panel color TV, and 63 percent own a digital camera. Fifty-six percent of all affluents own a digital music player and 55 percent of all affluents own a smartphone.

Only 25 percent currently own a tablet. But 14 percent of non-tablet owners say they intend to purchase one within the next 12 months, the largest intent-to-purchase percentage of all devices.

The wealthy are passionate about their smartphones. Of those that own a smartphone, 94 percent use it daily — and it’s the gadget that most affluents say they cannot live without.

News Headlines

Reply With Quote


futures.io > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > Optimism Among Wealthy Americans Is Down, Economy Worries Are Up

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

Corey Rosenbloom: Tips, Tactics, and Real Trades: Trading Intraday Trend Reversals

Elite only

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Optimism Among Wealthy Americans at Highest in a Year Quick Summary News and Current Events 0 April 20th, 2012 07:50 PM
Optimism About the Economy Gives Obama a Boost: Poll Quick Summary News and Current Events 0 January 25th, 2012 09:00 PM
Earnings Trump Investor Worries About Debt, Economy Quick Summary News and Current Events 0 July 19th, 2011 11:30 PM
As Economy Falters, Worries Grow That Stocks Will Follow Quick Summary News and Current Events 0 June 8th, 2011 03:50 PM
More Americans Think the Economy Will Never Recover Quick Summary News and Current Events 0 June 3rd, 2011 03:30 PM

All times are GMT -4. The time now is 05:27 PM.

Copyright © 2016 by futures.io. All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-20 in 0.07 seconds with 19 queries on phoenix via your IP