An overnight poll of 1,000 affluent Americans conducted Thursday evening by UBS Wealth Management Americas found that 40% are waiting out a resolution on the debt ceiling before putting any more money in the markets.
“Whether we’re talking to and advising a corporate chief executive, a high-net-worth investor or a small business owner, it’s clear that uncertainty over the U.S. debt has frozen everyone in their tracks when it comes to actively participating in the market,” said Robert J. McCann, chief executive officer of UBS Wealth Management. “What our clients need now is someone they trust to help them navigate this uncertainty and help them understand the issues affecting this economy.”
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