Spectrem Group has announced in our annual Affluent Market Insights Report-2014 that the levels of wealthy households in the country has returned to pre-recession levels and beyond.
Following four years of steady increases, the number of United States households in most wealth segments reached record highs, and all wealth segments saw large increases from 2012 to 2013. Mass Affluent Households, with a net worth between US$100,000 and US$1 million, Not Including Primary Residence (NIPR), grew to 28.97 million. This is an increase of 500,000 investors over 2012, and 3.77 million over the post-recession low of 25.2 million.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Millionaire Households with a net worth between US$1 million and US$5 million reached 8.39 million, an increase of 440,000 investors since 2012 and an increase of 2.53 million investors since the 2008 dip, when there were only 5.86 million Millionaires. The number of Millionaires has been slowly increasing since 2008.
The record-high stock market has played a large role in the return of Millionaires, as well as a return to previous numbers in other wealth segments as well.
The growth is similar in the ultra-high-net-worth segment. The number of households with a net worth between US$5 million and US$25 million reached 1.108 million in the US, an increase of 85,000 since 2012 and an increase of 352,000 since 2008.
Among the wealthiest Americans, there were 132,000 households with a net worth of US$25 million or more in 2013, an increase of 15,000 from 2012, which was close to 10 percent. In 2008, there were only 84,000 investors with a net worth of US$25 million or more, meaning there has been an increase of 48,000 since 2008.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
