The number of U.S. households with at least $1 million in investable assets grew by more than 1.3 million since 2006, before the financial crisis, to 6.8 million households by mid-2016, accounting for 5.5 percent of all U.S. households, Phoenix Marketing International reported in February.
The overall wealth market is growing, but the ratio of millionaires to total U.S. households has remained relatively flat since 2006, and wealth is more concentrated and shifting geographically, according to the annual Phoenix Wealth & Affluent Monitor.
|Households with at least $1 million hold $20 trillion
Phoenix research showed that households with at least $1 million in investable assets hold approximately $20 trillion in total liquid wealth in the U.S., or roughly 59 percent of the total.
Households with between $1 million and $10 million in investable assets experienced the biggest asset growth between 2015 and 2016, advancing by $809 billion to a total of $17.8 trillion.
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