Mass affluent and millionaire investors remain pessimistic about the near-term economic outlook, according to a survey by Phoenix Marketing International, but the results were a tad better than compared to the rest of this year.
Around 60% of mass affluent households have a negative near-term economic outlook compared to 66% a year earlier. Almost 29% said they would increase their investment in the next three months. This is an increase of five percentage points over what was reported in the July edition of the survey. In contrast, 41% of millionaire investors said they would increase their investment in the near term.
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