The economy and global markets experienced a positive year in 2021, resulting in increasing net worth for many investors, according to Spectrem Group’s Market Insights Report 2022. The number of U.S. households with a net worth between $1 million and $5 million, not including the value of the primary residence (NIPR), increased 8.1 percent from 11.6 million at year-end 2020 to 12.55 million by year-end 2021, an increase of 950,000 Millionaire households.

Billions of dollars in anticipated tax hikes on personal income and estates proposed by the Biden Administration, along with rising income and property taxes in some states, are causing consternation among some of America’s wealthiest investors, according to Spectrem’s $25 Million Plus Investor Report.  More than half of those surveyed indicate they are considering moving their residence to states with low-or-no income taxes. 

The number of wealthy American households reached a new record high in 2020 according to Spectrem Group’s newly released Market Insights Report 2021. The study reveals that U.S. Millionaire investors - households with $1 million to $5 million in net worth, not including the value of their primary residence (NIPR) – increased by 600,000 to 11.6 million in 2020, a 5.5 percent increase over the previous year.

The COVID-19 virus, known throughout the world as the coronavirus,  impacted the global economy and markets significantly through March, and as a result notably reduced the number of wealthy American households, according to Spectrem Group’s Market Insights Report 2020.

Following months of cautious investing in 2019, wealthy investors in January accepted the reality of an aging bull market with staying power, raising their investment in equities, according to the February edition of Spectrem’s High Net Worth Insights Journal. 

U.S. markets appeared to shrug off news of the impeachment of U.S. President Donald Trump, as equities continued their record-breaking bull run in December, fueled by optimism over a strong jobs report and the signing of an initial trade agreement between the United States and China. 

Spectrem Group Indices Rise Despite Continued Concerns Over Impeachment Proceedings and the Lack of a Trade Agreement with China

Declining Spectrem Confidence Indices Reveal Concerns Over Political and Global Challenges Despite Near-Record Market Highs

Research Reveals Significant Gaps between What Investors are Looking for in a Financial Plan and What They are Actually Receiving  

Confidence Rises in September Despite Rising Global Political Uncertainty, Impeachment Talk in the U.S. and Concerns Over Climate Change