from King World News
As we come to the end of 2020, the wealthy are beginning to worry, plus look at what is skyrocketing!
Wealthier Clients Beginning To Worry
December 22 (King World News) – Liz Ann Sonders, Chief Investment Strategist at Charles Schwab: Latest Bank of America survey of wealthier client cohort (able to invest > $1M): increasing dollars being repurposed for saving/investing vs. consumption
*38% worried about financial setbacks.
*37% concerned about unexpected healthcare costs.
*80% swapped discretionary spending for savings…