The recent Ipsos Mendelsohn quarterly online Barometer survey among affluent adults during April 2009, as a follow-up to its Mendelsohn Affluent Survey among adults with household incomes of
$100,000 or more, found that the three biggest concerns of 16 potential issues were The economy, Health care, and Unemployment and jobs. Compared to the Winter Barometer, the top three worries are the
same as far as rank order goes, but the percentage of affluent households reporting each of them as a concern has declined.
Economic Worries Down Among Affluent |
Concern | Spring '09 | Winter '09 | % Change Since Winter
'09 |
The economy | 46% | 60% | -1.4% |
Health care | 31 | 33 | -2 |
Unemployment & jobs | 28 | 32 | -4 |
Moral decline | 26 | 19 | 7 |
Corruption & financial or political scandals | 25 | 16 | 8 |
Taxes | 24 | 23 | 0 |
Planning for retirement | 22 | na | na |
Crime & violence | 20 | 25 | -5 |
Terrorism | 18 | 17 | 1 |
Immigration control | 14 | 8 | 5 |
Education | 13 | 17 | -4 |
Rise of extremism | 10 | 11 | -1 |
Threats against environment | 9 | 8 | 1 |
Climate change | 7 | 13 | -6 |
Poverty & social inequality | 6 | 7 | -1 |
Access
to credit | 4 | 9 | -5 |
Source: Ipsos Mendelsohn, Spring 2009 |
Only the highest income segment (those with HHI of $200k+) DIDN'T claim the
economy was their number one concern. They chose ‘Corruption/scandals' as their chief worry, followed by ‘Moral decline' and then ‘the economy' as its third place
ranking. This most affluent group also lowered the importance of Health care concerns to 9th place (the lowest ranking of any group measured) trailing Taxes, Terrorism and Planning for retirement.
Three areas of concern actually increased markedly since the Winter survey, including:
- Moral decline (up from 19% in the Winter to 26% in the Spring)
- Corruption and
financial or political scandals (up from 16% in the Winter to 25% in the Spring)
- Immigration (up from 8% in the Winter to 14% this Spring)
When Affluent households were
asked this Spring about how, if at all, the current recession has negatively impacted their household, their responses were:
- 17% ‘Not at all'
- 61%
‘Somewhat'
- 22% ‘A lot'
39% of affluent consumers think the current recession will end "in 2010." "Next year" is also the strongest
belief of EVERY group regardless of gender, age or household income. Most positive about a 2010 turnaround are the 18-34 year-olds (55% said next year) while the least hopeful were women (30%). Women
were also the greatest undecided group with 23% of them saying ‘I don't know' when the recession will end.
Regarding the future of the US economy, more Affluents were optimistic
than pessimistic. Overall, affluent respondents reported stronger positive feelings than negative ones about the economy's future.
Optimism About U.S. Economy Going Forward (Spring 2009) |
Degree of
Optimism | %of Respondents |
Very/Somewhat optimistic | 49% |
Very optimistic | 7 |
Somewhat optimistic | 42 |
Neither
optimistic nor pessimistic | 14 |
Somewhat/Very pessimistic | 37 |
Somewhat pessimistic | 29 |
Very pessimistic | 8 |
Source: Ipsos Mendelsohn,
Spring 2009 |
Also every subgroup measured (by age, gender or HHI) reported decidedly optimistic points of view. The most positive group was the wealthiest.
Among this group, 63% of those with HHI of $200k+ were upbeat about the future, while only 28% of them were pessimistic.
For more information from Ipsos, please visit here.