BMO Private Bank: Three-Quarters of Minnesota's Affluent Are Bullish on Economic Prospects for the Country
- Half of high-net worth Minnesotans say they are better off today than before the recession - They are among the most optimistic in the country about the health and financial sectors - They are spending more or the same on travel, entertainment and hobbies than prior to the 2008 downturn
(firmenpresse) - MINNEAPOLIS, MINNESOTA and ST. PAUL, MINNESOTA -- (Marketwired) -- 10/03/13 -- Affluent Minnesotans feel better than most high-net worth Americans about the future of the U.S. economy and say they are more financially stable now than they were before the economic downturn, a study released today by BMO Private Bank has revealed. The study is the second in a series by BMO Private Bank examining trends among high-net worth individuals (those with investible assets of $1 million or more) in Minnesota and across the country.
The study notes that three-quarters (75 percent) of affluent Minnesotans believe that the U.S. economy will improve over the next year, among the highest percentage across the country and well above the national average of 60 percent. Further, 50 percent say they are better off today than they were before the 2008 recession.
Other key highlights of the study include:
"Our study shows that high-net worth individuals in Minnesota believe strongly in the American economy and are feeling secure and confident about its future," said Steve Marsich, Senior Vice President, BMO Private Bank. "This optimism will have a positive effect on them and the state as they continue to spend and invest strategically while helping spur economic growth."
Key National Findings:
On a national level, the study found:
About BMO Private Bank, a Part of BMO Financial Group
BMO Private Bank offers a comprehensive range of wealth management services that include investment advisory, trust, banking and financial planning to meet the financial needs of high net worth clients. Through integrated teams of experienced financial professionals, BMO Private Bank helps its clients realize their financial and lifestyle goals with solutions that are custom tailored and delivered with the highest level of personalized service.
BMO Private Bank is a brand name used in the United States by BMO Harris Bank N.A. Member FDIC. Not all products and services are available in every state and/or location.
The online survey was conducted by Pollara between March 28th and April 11th, 2013 with a sample of 482 American adults who have $1M+ in investable assets (including a sub-sample of 40 Minnesota residents). The margin of error for a probability sample of this size is +/- 4.5%, 19 times out of 20.
Contacts:
Media Contact:
Beth Copeland
317-269-1395
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Datum: 03.10.2013 - 12:30 Uhr
Sprache: Deutsch
News-ID 302506
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contact information:
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MINNEAPOLIS, MINNESOTA and ST. PAUL, MINNESOTA
Kategorie:
Commercial & Investment Banking
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