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What are rich people thinking?
Brokerage firm Charles Schwab aimed to answer that question in its recently completed a survey of high net-worth (HNW) individuals. There were 504 respondents. Each had a minimum of $1,000,000 of investable assets and were between the ages of 30 and 80.
Here is what HNW clients see in the next six months:
- 31 percent thought unemployment was about to increase.
- 27 percent see a "double dip" recession coming.
- 60 percent expect inflation to heat up.
- 8 percent think energy prices will fall.
The study was accompanied by a 33 slide presentation, much of which included findings regarding the advisor-client relationship. However, we pulled the slides relating to advisors' and HNW clients' thoughts on the markets and the economy.
Here To See What Millionaires And Their Advisors Are Saying About The Markets And Economy
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Info Excerpt via BusinessInsider.com
Luxury News / Golden Choice by Lux Creative International
