print reprint

In the wake of the London subway and bus bombings, top concerns among affluent Americans have shifted from the economy to terrorism, safety, and security, according to a survey to be released today.

The latest quarterly McDonald Financial Group Affluent Consumer Confidence Index report said affluent Americans now view terrorism as the No. 1 issue facing the country, with 32% naming it, double the share that rated it No. 1 in the previous quarter and more than picked any other concern.

David Legeay, a senior vice president at McDonald Financial Group, the investment arm of KeyCorp in Cleveland, said the results were skewed because the survey was done from July 6 to 15, straddling the July 7 bombing date.

Economic confidence among affluent Americans improved by two points in the quarter after a five-point decline the previous quarter.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.
Learn More

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.
Get 3-Week Free Trial