My Internet Notebook

a journal on software, mobile, marketing

High Net Worth

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Recently the Spectrem Group, a wealth research group out of Chicago, released its newest study on wealth accumulation in the U.S.

The number of U.S. households with a net worth of $1 million or higher (exclusive of primary residence but inclusive of second homes and other real estate) passed 7.5 MILLION households, i.e. about 10% of total US households. This is a record number, surpassing even the 1999 time frame where 150 millionaires a day were being created in the Internet stock bubble.

The number of households with more than $5 million in net worth climbed to 740,000 — up 38% from the past year.

Written by Y.

May 25th, 2005 at 10:12 pm

Posted in Testing

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