Wednesday, June 4, 2014

Who Are the Rich?  A Few Demograhics

Below is a quick description of the rich.  There are about 6.15 million households in the US with investable assets (does not include real estate) of $1 MM or more.  That is about 5.3% of the total number of households in the US.  Most millionaire households are business owners, married, and older.

The following is a demographic description of the rich as defined by Infographics.  Basically, the rich are broken out into 3 groups:

Affluent = $1MM - $5MM in investable assets 
Super Affluent = $5MM - $25MM in investable assets
Ultra Affluent = $25MM+ in investable assets

investable assets = assets less real estate

From Financial Planning and the WSJ:

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