Spectrem Study: Household Wealth Hit Record Levels In 2020
EIN Presswire
Wealthy Americans made strong financial gains after the pandemic market crash in 2020.
The number of wealthy American households reached a new record high in 2020 according to Spectrem Group’s newly released Market Insights Report 2021.
The study reveals that U.S. Millionaire investors - households with $1 million to $5 million in net worth, not including the value of their primary residence (NIPR) – increased by 600,000 to 11.6 million in 2020, a 5.5 percent increase over the previous year.
Similar increases were reported across other wealth segments profiled in the report, which analyzes changes in the number of wealthy American households based on net worth, from the Mass Affluent ($100,000 as the minimum) to the $25 million-plus segment. Other key findings include: