NU Online News Service, Jan. 24, 2005, 4:50 p.m. EST
Rich Americans are optimistic about the economy but worried about housing prices and the war in Iraq.[@@]
McDonald Financial Group, Cleveland, has published data to support that conclusion in a report on a survey conducted by researchers at Penn, Schoen & Berland Associates, New York. In late December 2004 and early January, 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 2005 confidence index for affluent consumers is 55 out of 100, down slightly from an index of 56 recorded in January 2004. The index is set up so that scores over 50 indicate optimism and scores under 50 indicate pessimism.