New Study Shows There Are More Millionaires Than Ever

Achieving millionaire status seems like a dream, but for many U.S. households, it’s a reality.

Spectrum Group’s Market Insights Report discovered that 2016 marked the highest number of households in the U.S. to have a net worth of $1 million or more. With an increase of more than 400,000, 10.8 million people reportedly reached millionaire status in 2016.

Households making anywhere from $1 million to $5 million saw a 238,000 household increase, reaching a record 9.38…