41 percent less comfortable with savings
“With a stock market essentially flat, the comfort levels slipped a bit.”
Although it seems as if clients are starting to feel more comfortable with the economy as a whole, they remain pessimistic with regard to their personal financial situation. Most of our clients include savings in their total invested assets when they talk about their comfort level. This past year, with a stock market essentially flat, the comfort levels slipped a bit. In a few cases, although fairly rare, our clients have had to face pay cuts or general uncertainty about their jobs. I think that also has had an impact for those clients. A few have had to invade savings or investment accounts to sustain their budgets.
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