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Not Like You & Me
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Business New Haven
7/8/2002
By: BNH
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The specter of renewed terrorist attacks and their impact on the economy top the list of worries of the richest Americans.
According to the latest U.S. Trust Survey of Affluent Americans (see related story, page 3), conducted since 1993 in odd-numbered years, 76 percent of the most affluent one percent of Americans fret that terrorism domestically and abroad “will have a negative effect on the economy and securities markets.” Seventy-three percent are concerned that the following generation will have a more difficult time financially than they have had, while 68 percent worry that their stock-market gains will be lower than in recent years.
A smaller number of rich individuals express worry over the personal security of themselves and their families, inability to predict investment return, taxes, inflation and educational costs.
However, according to the survey, a majority of those surveyed have not made significant changes to the way they lead their lives in the face of the September 11, 2001 terrorist attacks.
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