With the Donald Trump's inauguration looming, investors still aren't quite sure what to make of the new Commander in Chief.
A new study by Bankrate asked Americans whether the election results would produce a positive or negative impact on their personal finances. The answer was fairly murky: 28% thought it would affect their bottom line positively, 26% thought the result would be negative and 39% said it wouldn't affect them either way.
Great. Glad we had that solid year of shouting, turmoil and airing of grievances. So worth it.
"The discord our country has experienced over the past year continues," says Bankrate chief financial analyst Greg McBride. "There is still disagreement - and no clear consensus - among Americans on whether the new administration will impact household finances, and if so, how."
Among certain pockets of those same Americans, however, opinions are a bit more cohesive. Baby Boomers, especially younger Boomers ages 52 to 61, told Bankrate that they think the Trump administration is going to work out fairly well for their finances, with the highest-income households sharing their optimism. When financial firm UBS surveyed wealthy investors before and after the election, the number of those investors feeling optimistic about Trump's prospects rose from 39% to 48%. The number who expected positive returns for the S&P 500 over the next six months rose from 25% to 53%, helped along by the stock market's performance in the interim.
The wealthiest investors overwhelmingly (90%) believe that D.C. needed some disruption, while 66% think Trump will affect the changes they'd like to see in health care, national security and the overall economy.