Even America’s millionaires are thinking about inflation’s impact on savings.
Researchers at the Phoenix Companies Inc., Hartford, have published figures supporting that conclusion in a summary of results from a survey of about 1,900 U.S. adults who have a net worth of $1 million or more, excluding the value of their primary residences.
Only 54% of the 2008 survey participants said they feel wealthier in 2008, down from 81% in 2007.
The percentage of participants who said they are “very optimistic” about their financial future fell to 25%, from 34%.