The number of U.S. households with at least $1 million ininvestable assets grew by more than 1.3 million since 2006, beforethe financial crisis, to 6.8 million households by mid-2016,accounting for 5.5 percent of all U.S. households, Phoenix MarketingInternational reported in February.

The overall wealth market is growing, but the ratio ofmillionaires to total U.S. households has remained relatively flatsince 2006, and wealth is more concentrated and shiftinggeographically, 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 ininvestable assets hold approximately $20 trillion in total liquidwealth in the U.S., or roughly 59 percent of the total.

Households with between $1 million and $10 million in investableassets experienced the biggest asset growth between 2015 and 2016,advancing by $809 billion to a total of $17.8 trillion.

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