GO
Loading...

More Wealthy Americans Fearful on Economy: Survey

Tuesday, 10 Aug 2010 | 12:40 PM ET

According to the latest Ipsos Mendelsohn Affluent Survey, 47 percent of participants said the economy is their primary concern, up 5 percent from last month. In addition, 85 percent of those who make over $100,000 a year say the economy is still in a recession. Bob Shullman, president of Ipsos Mendelsohn, shared his insights on the US-based survey.

Affluents: We're Still in a Recession
Trying to determine what the "rich" really want, with Bob Shullman, president of Ipsos Mendelsohn president.

“The affluent are continuing to be concerned about the economy—in particular, unemployment and the lack of jobs—and they are very concerned about the increasing debt issues,” Shullman told CNBC.

“They are not seeing things get better.”

In addition, Shullman noted that the wealthy are still reluctant to open their wallets to spend.

“Their spending decisions are still very tight—they’re not spending as much and that’s not good for the economy,” he said.

Scorecard—What He Said:

  • Shullman's Previous Appearance on CNBC (Jun. 8, 2010)

______________________________
Market Views—Across the Board:

______________________________
CNBC Slideshows:

______________________________
CNBC Data Pages:

______________________________

______________________________
Tuesday's Top Dow Laggards (as of this writing):

Intel

Alcoa

Microsoft

Johnson & Johnson

Home Depot

______________________________
Disclosures:

No immediate information was available for Shullman or his firm.

______________________________

Disclaimer

  Price   Change %Change
AA
---
HD
---
INTC
---
JNJ
---
MSFT
---

Featured