Millionaire Households: A Record Numer and Climbing

July 27, 2014

Millionaire Households: A Record Numer and Climbing
 
During the global financial meltdown in 2008, the number of millionaire households fell to 6.7 million. Today there are 9.63 million, according to the Affluent Market Insights Report 2014 by the Spectrem Group, a company that strategically analyzes its ongoing primary research with investors to assist financial providers and advisors in understanding the Voice of the Investor.

“The last few years, we’ve seen the number continually increase, but this was the first year that we’re finally beyond the economic crisis,” said George Walper, Jr., president of Spectrem Group. The ultra-wealthy are setting records, too, as households with a net worth of $5 million and above, and $25 million or more reached the highest levels ever. “Because of their levels of wealth, they increased their exposure to equities during the downturn and were making investments in real estate when the market was at the bottom,” he said.

“That’s why now they’ve benefited the most from the return in the economy.” In America, women hold a large amount of that wealth. In fact, we have more ultra-wealthy women living here in the U.S. than in any other country of the world: a total of $1.2 trillion worth of assets.a woman with a dollar in her mouth Looking at where the billionaires live in America, California accounts for 20% of them, and those numbers are growing. New York and Texas also rank high. If this blog post interests or applies to you, I invite you to have a look at my Featured Listings page.

On the other hand, if you want to sell your Napa Valley or Sonoma Valley home or estate, you might want to learn more about me before you choose a real estate professional. I can be reached at 415.516.3939 or via email at Ginger@GingerMartin.com. Also, make sure to like me on Facebook and follow me on Twitter to stay up to date on the latest news in this amazing region.

 

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With 2 billion dollars in sales combined with her unique focus on Wine Country luxury real estate, Ginger Martin's insight and expertise are unparalleled. Her sales portfolio of luxury homes, vineyards, and estates are exceptional. Ginger Martin possesses a track record shared by very few real estate professionals globally. Ginger’s distinguished clients greatly benefit from her extensive experience.