Even though millionaires' near-term confidence
in the economy remains low, their
overall outlook hit a record high since
the in-depth survey began tracking sentiments
in 2006, according to the fourth
Fidelity Millionaire Outlook survey.
The positive outlook came as a surprise
to the surveyors. "Millionaires' outlooks
could be seen as a leading indicator of the direction of the economy, especially
the last time we conducted this survey in
early 2009, when they forecast improvement
in all aspects of the U.S. economy at
the beginning of 2010," Fidelity President
Michael R. Durbin said. Despite the positive
outlooks, some concerns still remain;
for example, 40 percent of the millionaires
surveyed said their biggest concern
is in securing the adequate amount
of funds to support their lifestyle during
retirement years, the article explained.
Also noted was their plan to make better
use of tax-free investments, according to
36 percent of the millionaire respondents.