The number of U.S. households with a net worth of $1 million or more rose by 300,000 in 2015 to a new total of 10.4 million. At the same time, the number of “mass affluent” households with a net worth between $100,000 and $1 million totaled 28.9 million.
The data were reported last week by Spectrem Group in its “Market Insights Report 2016” and do not include the value of the household’s primary residence.
Spectrem Group’s president said:
Despite ongoing concerns about market volatility and the direction of the U.S. economy, the number of affluent American households expanded in 2015. This report underscores that wealth creation continues to occur in the United States, with the number of millionaire households growing by more than 3 percent in 2015.
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