2010 is a long – very long – time from now for the mass of investors who took a huge financial hit in 2008. Experts predict that’s when the financial crisis will show signs of improvement, but many say things will only get worse before they get better. And recent data released by Spectrum Group indicates affluent investors are not immune.
U.S. households worth $1 million or more have seen their assets decline by 30 percent, according to Spectrum Group. And a vast majority, 90 percent, believes the economic downturn will last another 22 months before any upturn.