The number of millionaire households in America increased by 400,000 in
2016, reaching a record of 10.8 million, according to a new study.
Since the 2008 financial crisis, the number of millionaire households has grown every year, adding a total of 4 million millionaire households, according to Spectrem Group, the wealth research firm.
The stats mean that more than one out of every 10 households in America is worth $1 million or more.
Spectrem defines millionaire households as those households with $1 million or more in investable assets, not including a primary residence.
The number of multimillionaire households has also grown. There are now 1.4 million households worth $5 million or more and 156,000 households worth $25 million or more.
Read m,ore: US adds 400,000 millionaire households, setting record
Since the 2008 financial crisis, the number of millionaire households has grown every year, adding a total of 4 million millionaire households, according to Spectrem Group, the wealth research firm.
The stats mean that more than one out of every 10 households in America is worth $1 million or more.
Spectrem defines millionaire households as those households with $1 million or more in investable assets, not including a primary residence.
The number of multimillionaire households has also grown. There are now 1.4 million households worth $5 million or more and 156,000 households worth $25 million or more.
Read m,ore: US adds 400,000 millionaire households, setting record
