Tuesday, 30 August 2016
Last updated 46 min ago
May 11 2011 | 10:57am ET
For the first time in a year, affluent investors have expressed a decline in confidence, sending the TNS Investor Confidence Index to 113 in April (from 119 in January).
According to Ellen Sills-Levy of TNS, "In addition to the slower GDP growth in the first quarter, the past few months have seen a confluence of worrisome events: rising gas and crude oil prices, a near shutdown of the U.S. government over fiscal policy, warnings that the U.S. debt ceiling will soon be reached, budget proposals that call for large cuts in spending, and both perceived and real inflation in everyday products. All these factors appear to be adversely impacting investor confidence."
That said, TNS says affluent investors remain “cautiously upbeat” about their personal finances and the financial health of their employers and the vast majority expect to meet their retirement goals.
Nearly two-thirds are confident the economy will not “jeopardize their financial aspirations,” and eight in 10 agree that their financial providers “work with their best interests in mind.”
The most recent TNS Investor Confidence Index is based on an online survey of 1,551 respondents with total investable assets of $500,000 or more. The survey was conducted from April 8–18, 2011.