CHICAGO, January 22, 2019 –A new Spectrem Group study, The Wealthiest Americans: $25 Million Plus Investors, offers insights into the changing face of wealth in America, as a long-anticipated generational transfer of wealth moves forward. The report shows steady expansion in the number of American households reporting net worth exceeding $25 million following the Great Recession. It also reveals how the average age of wealthy households in the U.S. is trending downward, as GenX and Millennial investors begin to amass great personal wealth from successful careers and/or sizeable inheritances.
- In addition to being younger than ever before, with the mean age of $25 million plus investors dropping 11 years since 2014 to 47 years old in 2018, American households with net assets of $25 million or more include more females than previously.
- Having built their wealth during the longest bull market in U.S. history, younger investors expect much higher returns than their older counterparts, with 74 percent of those under the age of 37 considering anything under 10 percent annual returns unacceptable.
- More than 40 percent of the wealthiest investors contribute at least $25,000 to charity each year.