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Asset Preservation Advisors


State: GA

APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Press Release: Number of Millionaire Households Reaches Record High

Chicago, March 13, 2014—Following four years of increases, the number of U.S. households with a net worth of $1 million or more, not including primary residence (NIPR), reached a new high in 2013 of 9.63 million, an increase of more than 600,000 from 2012, according to the Affluent Market Insights Report 2014 by Spectrem Group. After reaching the previous high of 9.2 million in 2007, the recession reduced the number of millionaires to 6.7 million in 2008 and the millionaire population has been growing ever since.

The ranks of all household wealth segments increased in 2013:

·         Those with $100,000 or more in net worth NIPR climbed to a record high of 38.6 million from 37.4 million in 2012. The total had been at 31.2 million in post-recession 2008.

·         Those with $5 million or more in net worth NIPR also reached a record high of 1.24 million from 1.14 million in 2012. There were only 840,000 in 2008.

·         Those with $25 million or more in net worth NIPR grew by 15,000 to 132,000 in 2013. In 2008, there were 84,000 with $25 million or more in net worth.

The totals show a nearly complete recovery from the recession in terms of wealth, and even extreme growth of almost 10 percent among the wealthiest households. Households with a net worth of $5 million or more are near 2005 levels in terms of investment in stocks, bonds and mutual funds.

“Most of the financial damage done by the recession has been erased by recent record-high markets in 2013 as well as continued rebound in the real estate markets,” says George H. Walper Jr., president of Spectrem Group. “In terms of the affluent investor, it is fair to say they have finally recovered from the economic downturn.”

Sixty percent of investors with a net worth of $5 million or more intend to invest in equities in 2014, and 31 percent of investors with a net worth between $100,000 and $1 million intend to do so. More than 50 percent of the $5 million-plus investors are willing to invest outside the United States, with an increased interest in investing in China.

Additional insights about wealthy investors from the Affluent Market Insights Report 2013 are available at and Spectrem’s Millionaire Corner, including:

·         Millionaire Households Back to Pre-Recession Levels

·         Number of Millionaires Rebounds

Research methodology

Spectrem Group sizes the number of wealthy households using data from multiple sources including, Census Bureau Information and updates and projections from different companies. The Affluent Market Insights 2013 report also is based on monthly online research Spectrem Group conducted with more than 12,000 investors with net worth of at least $100,000 not including primary residence. All of the data in the report has a margin of error of 4 percent.

About Spectrem Group

Spectrem Group ( strategically analyzes its ongoing primary research with investors to assist financial providers and advisors in understanding the Voice of the Investor.

About Spectrem’s

Millionaire Corner is a premier independent online resource for investors and about investors. Millionaire Corner delivers timely, relevant and practical information and tools to help fuel financial growth for Millionaire investors and aspiring millionaires. With its Best Financial Advisors service, investors are able to search and evaluate financial advisors based on actual customer reviews of satisfaction with the advisor.