Nearly Eight Out of 10 Cite the U.S. Political Environment as Their Largest National Concern
CHICAGO, IL, UNITED STATES, April 10, 2018 /EINPresswire.com/ — A new study from Spectrem Group, "Politics, Taxes and Investors’ Changing Attitudes," indicates that more than half of wealthy U.S. investors surveyed (52 percent) report being more interested in politics than they were in the past, with more than a quarter (28 percent) reporting they are significantly more interested in politics than they were previously.
The study is based on a survey of investors with a household net worth between $100,000 and $25 million, not including primary residence. The study also reveals that 79 percent of respondents cite the U.S. political environment as their single largest national concern, followed closely by government gridlock (76 percent) and the national debt (75 percent).
Additional insights include:
• Almost half of investors predict that the Dow will close between 26,000 and 28,999 at the end of 2018, but just 18 percent of investors believe the bull market will continue for more than two years.
• More than 80 percent of investors disapprove of the fact that Congress primarily votes along party lines, and 77 percent believe Congressional representatives should be bound by term limits.
• The largest percentage of investors would like to see Congress focus on infrastructure (29 percent), followed by reducing the national debt (25 percent), immigration (19 percent) and national security (17 percent).
“As U.S. market volatility rises, wealthy U.S. investors are paying increasingly close attention to events and announcements coming out of Washington,” said Spectrem President George H. Walper Jr. “This new study examines the broad spectrum of attitudes among investors on a variety of issues, but the common factor remains this growing scrutiny of behaviors within both the Trump Administration and Congress.”
About Spectrem Group: Spectrem Group (www.spectrem.com) strategically analyzes its ongoing primary research with investors to assist financial providers and advisors in understanding the Voice of the Investor.
George H. Walper, Jr.
email us here
Source: EIN Presswire