October 28, 2003

Consumer confidence up - if you're rich to begin with
Affluent Americans are increasingly optimistic on the U.S. economic outlook, yet are not spending more and expanding their investments only slowly, a survey reported on Monday.

"Gains in the stock market, the recent tax cuts and job increases in September have all contributed to affluent Americans' growing optimism about the economy," said Brad Turner, Senior Managing Director of McDonald Financial Group.

"However, when it comes to spending and investing their own money, they do not seem to display that same level of confidence," he added. - - link.

No comments: