SOURCE: Spectrem Group

Spectrem Group

March 10, 2015 08:00 ET

Record High: Ten Million Millionaires in America

Spectrem Group's Market Insights Report 2015 Shows Overall Increase in Affluent U.S. Households

CHICAGO, IL--(Marketwired - Mar 10, 2015) - The number of U.S. households with a net worth of $1 million or more, not including primary residence (NIPR), reached a new high of 10.1 million in 2014, according to Spectrem Group's Market Insights Report 2015. The total is an increase of nearly 500,000 households, up from 9.63 million in 2013.

Spectrem Group's annual 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, NIPR.
  • The Millionaire segment, those with a net worth between $1 million and $5 million, NIPR, 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, NIPR, grew to 1,168,000, an increase of 60,000.
  • Among the $25 million plus segment, there were 142,000 households, 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 in their own privately held businesses, it is not surprising that we're seeing these record numbers."

Additional information on Spectrem studies can be found at Spectrem.com and Spectrem's Millionaire Corner, including:

About Spectrem Group: Spectrem Group (www.spectrem.com) strategically analyzes its ongoing primary research with investors to assist financial providers and advisors in understanding the Voice of the Investor.

About Millionaire Corner: Spectrem's Millionaire Corner website (www.millionairecorner.com) provides information for investors about investors. With its Best Financial Advisors service, investors are able to search for financial and investment advisors to assist in growing their wealth.

Charts and full report available upon request.

Contact Information

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    Natalie Rowland
    Wilks Communications
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