NU Online News Service, Jan. 26, 2004, 4:07 p.m. EST – Many rich U.S. residents agree that the economy is improving, but some worry about the return of federal budget deficits.[@@]
Researchers from Penn, Schoen & Berland Associates, New York, are basing those conclusions on the results of the latest survey in a quarterly survey series sponsored by the McDonald Financial Group, Cleveland. For the survey conducted in early January, the researchers interviewed 400 U.S. residents who had at least $500,000 in investable assets or annual incomes of at least $150,000.
McDonald’s January confidence index for affluent consumers is 56, up from an initial index of 41 recorded a year earlier, McDonald reports.
The index is set up so that scores over 50 indicate optimism and scores under 50 indicate pessimism.