NEW YORK, May 11, 2011 /PRNewswire/ — In a reversal of trends, a new TNS survey shows a decrease in confidence among affluent investors. In its first decline in nearly a year, the TNS Investor Confidence Index declined to 113 in April (from a reading of 119 in Jan). Optimism over the direction of the economy and the stock market has eroded despite overall investor confidence remaining in positive territory.
According to Ellen Sills-Levy, SVP Investment Research at TNS, “In addition to the slower GDP growth in the first quarter, the past few months have seen a confluence of worrisome events: rising gas and crude oil prices, a near shutdown of the U.S. Government over fiscal policy, warnings that the U.S. debt ceiling will soon be reached, budget proposals that call for large cuts in spending, and both perceived and real inflation in everyday products. All these factors appear to be adversely impacting investor confidence.”
Despite concerns about the economy and the financial markets, affluent investors remain cautiously upbeat about their personal incomes and the financial health of their employers.
An overwhelming majority believe they will meet their retirement goals, with nearly two-thirds being confident the economy will not jeopardize their financial aspirations. And, in what should be welcome news for investment services firms, 8 in 10 now agree that their financial providers work with their best interests in mind.
Forget the $500 hammer. The newest report from the Government Accountability Office puts the cost of…
The United Nations (U.N.) selected China — a country that perpetrates genocide and crimes against…
An upstate New York district attorney cursed out officers and demanded special treatment after speeding…
One group commits acts of violence, the other permits violence to go unpunished. Both create…
While a lot of us believe we're saving money when we buy things on sale,…