Ten Million Millionaires in America
Chicago, IL, March 9, 2015 — Spectrem’s Market Insights 2015 tells the story of the affluent market in America, and as expected, there are more affluent Americans than there has ever been. In 2014, the number of households with $1 Million or more in net worth grew by almost 500 thousand to 10.1 million.
The Spectrem report details the number of households in America based on net worth, from the Mass Affluent to the $25 million-plus segment. The report includes information on how the affluent investors invest, where they invest, and what they expect from their investments.
Key findings in the report include:
· In 2014, there were 29,500,000 Mass Affluent households with a net worth between $100,000 and $1 million, Not Including Primary Residence.
· The Millionaire segment, those with a net worth between $1 million and $5 million, grew by 400,000 to 8,790,000, another record high.
· The Ultra High Net Worth market, with a net worth between $5 million and $25 million, grew to 1,168,000, an increase of 60,000.
· Among the $25 million plus segment, there were 142,000 investors, an increase of 10,000.
“The number of wealthy American households are at their highest point ever, continuing the recovery from 2008 and 2009,’’ says George H. Walper Jr., President of Spectrem Group. “In particular, the investors with over $1 million net worth is now at 10.1 million, breaking the 10 million threshold for the first time. Given the record level stock market in 2014, along with a full recovery of investment real estate, and investors’ perceptions of value of their own privately held business, it is not surprising that we see these record numbers.”
To purchase the Market Insights report, click here