For the first time in American history, there are more than 10 million millionaires in our country. The Spectrem Market Insights 2015 report found that the number of households with a net worth of $1 million or more grew by almost 500,000 households in 2014, reaching an all-time high of 10.1 million.
The percentage of millionaires among the population has reached 8.3 percent, which is even higher than it was before the recession. In the year 2007, when the recession officially started, the percentage of millionaire households was 8.2 percent, before falling to 5.9 percent in 2008.
The number of households at higher wealth levels has also been growing. Households with a net worth of between $1 million and $5 million increased by 400,000, to 8.79 million. Those between $5 million and $25 million grew by 60,000, to 1.168 million, and those with more than $25 million grew by 10,000, to reach 142,000.
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