BMO Private Bank: Two-Thirds of Illinois' Affluent Say They Are Better Off Today Than They Were Before the 2008 Economic Downturn
- Sixty percent are bullish on the U.S. economy - They expect stocks and real estate to yield positive returns - Spending on entertainment, travel and clothing has increased or stayed the same since before the recession
(firmenpresse) - CHICAGO, ILLINOIS -- (Marketwired) -- 10/03/13 -- According to a study released today by BMO Private Bank, two-thirds (65 per cent) of Illinois' high-net worth residents (defined as those with investible assets of $1 million or more) report that they are better off today than they were before the 2008 recession. Moreover, 60 per cent are optimistic about the country's economy and expect that it will improve over the next year.
The study is the second in a series by BMO Private Bank examining trends among the affluent in Illinois and across the country.
Other key highlights of the study include:
"The wealthy of Illinois are confident; they're above the national average for feeling better off now, compared to 2008," said Zach Lazar, President, Illinois & Florida, BMO Private Bank. "They have rebounded quite well from the recession and this is being reflected in the optimism they're feeling about their personal financial situation as well as the national economy."
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 Illinois residents). The margin of error for a probability sample of this size is +/- 4.5%, 19 times out of 20.
Contacts:
Media Contact:
Patrick O'Herlihy
Chicago
312-461-6970
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Unternehmensinformation / Kurzprofil:
Datum: 03.10.2013 - 12:30 Uhr
Sprache: Deutsch
News-ID 302509
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contact information:
Town:
CHICAGO, ILLINOIS
Kategorie:
Commercial & Investment Banking
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