US Wealth Report: 10.8-M Households Worth at Least $1-M

US Wealth Report: 10.8-M Households Worth at Least $1-M

US Wealth Report: 10.8-M Households Worth at Least $1-M

There were nearly 11-M households in the United States last year worth more than $1-M, a record.

According to the results of a study conducted by the Spectrem Group, the number of households in the group increased by 400,000 and stood at 10.8-M by year’s end.

Other Key points in the data:

  1. There were 30.5-M households with a net worth between $100,000 and $1-M last year, 700,000 more than there were in Y 2015.
  2. There were a record 9.38-M households with a net worth between $1 and $5-M.
  3. There were 1,264,000 households worth between $5 and $25-M.
    156,000 households were worth $25-M or more.

“The record levels of households reflect the significantly higher values of all asset classes post-recession, and the recent record level of the United States markets following the presidential election has added demonstrably to the asset level of most affluent investors,” Spectrem Group president George Walper Jr. said.

Barron’s reported last week Maryland and Connecticut have the highest number of millionaires per capita.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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