The number of US households that can claim a net worth of $1 million or more has risen to 8.6 million in 2011, up from 6.7 million households in 2008, but lower than the peak of 9.2 million households in 2007. Nearly 1.1 million households had net worth of $5 million or more in 2011.
The data comes from 2012 Affluent Market Insights report of the Millionaire Corner, which defines net worth as “all assets not including primary residence.”
So what do millionaires worry about:
[W]ell over half of investors with a net worth of $1 million to $5 million worry about a family health catastrophe, the financial well being of their children and grandchildren and college costs. Close to 60 percent also worry about maintaining their current financial position. Health concerns dominate investors with $5 million to $25 million, which represents an older demographic.
The affluent, like the rest of us, worry about a costly catastrophic health crisis. Probably not as much, though.
Paul Ausick
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