High net investors: Half expect recession soon

Piggy Bank and coins

Slightly more than half the affluent investors in Atlanta think a recession is on the horizon, while one-in-four think we are in recession now, according to a poll released Wednesday.

A downturn will come within five years, say 51 percent of the “high net worth” investors in the region surveyed as part of the Morgan Stanley Wealth Management Investor Pulse Poll, a regular survey done locally and nationally.

The poll includes people who have “investable” assets of $100,000 or more.

Among those with $1 million or more in investable assets, just 8 percent think the US economy is in a recession, according to Morgan Stanley.

To protect themselves against the impact of a recession, 55 percent of the high net worth investors said they have changed their financial behavior since the Wall Street meltdown and recession of 2008.

The most common steps: putting more money away for retirement and paying off debt.

 

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2 comments
satan
satan

Ummm...So this useless headline also implies that half DO NOT expect a recession soon.   Brilliant journalism AJC..

Outer Marker
Outer Marker

Both common sense and history says recessions happen from time to time and we're over due for a correction.