5. Household Income
4. Economic Environment
"Perhaps that investors are focused more on the stock
market and the consequences should the divisive
Political Climate keep the president and lawmakers
from reaching solutions that will fix the economy," Spectrem said.
3. Retirement
2. Political Climate
"The so-called fiscal cliff, for example, remains unresolved. Should a bipartisan agreement regarding the scheduled tax cuts and mandatory spending cuts not be reached before the end of the year, analysts caution, the country could experience another recession," Spectrem explained.
1. Stock Market Performance
"When we asked high net worth investors their response to the fiscal cliff gridlock, more than 30 percent said they are increasing their cash reserves while more than 15 percent are increasing their investment in recession-proof companies. Eleven percent are allocating more of their investable assets to tax-sheltered accounts, such as 401(k)s and IRAs," Spectrem said.