Affluent investors’ confidence passed that of millionaires for the first time since April 2008, gaining 9 points in May of this year, according to the results of the latest Affluent Investor Confidence Index from Spectrem Group.
Affluent investors are defined as households with more than $500,000 in investable assets.
Data released on Wednesday showed that while the index remains at a neutral level of 2 thanks to an 8-point decline in April, its 9-point May gain enabled it to pull ahead of the Millionaire Investor Confidence Index. The millionaire index also gained in May, although it only added 2 points, bringing it to a neutral level of 1.
Additional data from both indices are available on Spectrem’s recently launched Millionaire Corner website.