Affluent Americans experience lowered sentiment level

Affluent Americans experienced a lowered level of sentiment.

Consumers with annual earnings of $100,000 or more experienced a drop in overall sentiment, as there are more worries about the markets and economies. This could affect property management companies, as they may not only have similar feelings toward the market, but many may fall into this category.

The Consumer Reports Index, which measures sentiment for those in all income levels, showed those with the highest level of income experienced a heightened level of worry about the market, especially due to the "fiscal cliff." However, this group was not as stressed as those with income lower than $50,000.

"It's understandable that sentiment among wealthier Americans has begun to waver given the pending fiscal cliff talk and the government's budget impasse," said Ed Farrell, director of consumer insight at the Consumer Reports National Research Center. "It is yet to be seen if this will impact their holiday spending."

Continued worries from the population as a whole may worry some industry members about the population's willingness to spend, as there could be a lack of purchases if economic issues persist.

Share
Disclaimer: All data and information provided on this site is for informational purposes only. Zoliath.com makes no representations as to accuracy, completeness, correctness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, opinions or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis.