CHICAGO Jan. 31, 2011 Mintel’s Wealth Management—January 2011
Women respondents are much more pessimistic than men, with more than half of women (51%) saying they are pessimistic vs. 36% of males in high net worth households. About half of respondents say that they have cut back or deferred spending because of the recession, and women report that they are doing this in greater numbers than men.
One such development is that more than half (54%) say that their household has been directly impacted by declining real estate valuations. Another could be that there is substantial concern about a potential job loss in their household—about one in three state they are worried that they or someone else may lose their job. And about half say they are trying to make up for what they’ve lost in their retirement savings accounts.