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July 07, 2011 at 11:35 AM
Wealthy Americans today are worried about the global political and economic climate and the long-term health of the U.S. economy, according to a survey by Insite Security and IBOPE Zogby International.
Insite released a white paper on Wednesday, detailing the results of a survey of some 300 U.S. high-net-worth adults on their post-recession attitudes toward the economy, politics and style of life.
The survey showed that wealthy Americans are a pessimistic lot these days:
- HNWs do not believe the financial crisis will end soon, with 73% calling the global investing environment negative and 24% saying it is poor.
- Investing environment aside, 94% of HNWs are worried about unrest around the world.
- Two-fifths of respondents expressed little or no confidence that the U.S. will right its fiscal ship, and 90% had a negative view of the current global economic climate.
- Fifty-nine percent of HNWs feel less secure since the advent of the Obama administration.
- Thirty-eight percent consider themselves worse off today than they were last year, and nearly as many believe their personal finances will be worse off in a year’s time.
These findings have important implications for industries that service well-off Americans. For their part, HNWs are proactively trying to forestall another financial crisis, according to the white paper.
One-third of respondents said they had personally experienced a direct negative effect on their investments or businesses because of global political unrest, and nearly as many have altered plans for this reason.
