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.