Wealthy Americans Becoming Financially Pessimistic

A recent survey found Americans who are financially well-off are becoming more negative about the state of both the U.S. and global economies.

The survey, completed jointly by Insite Security and IBOPE Zogby International found nearly 75 percent of consumers do not have a positive view of the current investing climate, while nearly one-fourth of those polled think it is outright bad.

"In a new age of political unrest and increased global security concerns impacting the economy, the wealthy must educate themselves on how to protect both their families and their businesses," said Christopher Falkenberg, president of Insite Security. "We have been advising our clients to carefully evaluate their travel security planning and take necessary precautions such as curbing ostentatious purchases and being more inconspicuous when they travel."

More than half of wealthy consumers reported limiting making unnecessary purchases, and another 70 percent are making financial decisions in preparation for another recession.

Even wealthy consumers can deal with credit card debt, and it may be wise to avoid going crazy with unnecessary purchases in order to minimize the chance of ruining a credit rating.