/Investors are Seriously Concerned About Inflation

Investors are Seriously Concerned About Inflation

The coronavirus pandemic is subsiding, but the new normal might not look the same as 2019.

One reason why: The prices of some goods and services have crept up due to inflation and could continue to rise, especially if the government pushes President Joe Biden’s proposed $6 trillion spending plans.

This is a major worry for most wealthy investors, according to CNBC’s latest millionaire survey. As many as 65% of millionaires are concerned about inflation caused by recent government spending, according to the report. Of those, 34% said they were very concerned.

The survey, conducted online in April and May by Spectrum Group on CNBC’s behalf, had 750 respondents with investable assets of $1 million or more.

Keep reading at CNBC.