The number of wealthy households in the U.S. reached a new high last year, roughly equivalent to the entire population of Sweden or Portugal. More than 10.2 million households had a net worth of $1 million to $5 million, not including the value of their primary residence, according to a survey by the Spectrem Group. That’s up 2.5 percent from 2017.
Ultra-high net worth households — those with assets between $5 million and $25 million — increased 3.7 percent to about 1.4 million in number, while those in excess of $25 million grew by about 0.6 percent to 173,000, according to the survey. The number of Americans in the wealthiest category has more than doubled since the Great Recession.
Spectrem’s results were based on interviews with more than 2,300 mass affluent households, 4,450 millionaire households, and 1,850 ultra-high-net-worth investors. The survey has a 4 percent margin of error.