,3;  83 +) 8  83     1 - 0 0 - 3 2

8,) 1-00-32%-6)7'09&
%WRETWLSXSJ[LS%QIVMGEŞWQMPPMSREMVIWEVI
[LIVIXLI]PMZIERH[LEXXLI]HS
A Growing Group
3% TO 4% OF HOUSEHOLDS 4% TO 5% 5% TO 6% 6% TO 7% 7% TO 8% Households with net worth of $1 million or more
(HOUSEHOLDS WITH $1 MILLION OR MORE IN INVESTABLE ASSETS)
10 million

New Jersey Massachusetts

7.4% 7.0%
8

Connecticut
6
7.4%

Alaska
7.2% HIGHEST: 2
Hawaii Maryland
7.4% 7.6%
LOWEST: SOURCE: PHOENIX
Mississippi MARKETING 0
3.8% INTERNATIONAL
2006 2008 2010 2012 2014 2016
SOURCE: SPECTREM GROUP
Breakdown of High Net Worth Individuals
$1 MILLION TO $5M $10 MILLION TO $50M $50 MILLION TO $100M
11.3 million individuals 875,400 individuals 47,200 individuals
$5 MILLION TO $10M $100 MILLION TO $500M
1.3 million individuals 21,500 individuals

$500 MILLION TO $1 BILLION

1,180 individuals
$1 BILLION+
580 individuals

SOURCE: CREDIT SUISSE

What Millionaires Spend Their Money On (PAST 12 MONTHS)
HOUSEHOLD WEALTH: %98313&-0)7 ',%6-8=
SPENT MORE THAN $25,000 SPENT MORE THAN $5,000
$1 MILLION TO $5 MILLION
10% 18%
$5 MILLION+
22% 48%
SOURCE: SPECTREM GROUP

 M O N E Y. C O M SEPTEMBER 2017 INFOGRAPHICS BY NICOLAS RAPP

 ( %8%

Distribution of Millionaires’ Assets ($1 MILLION TO $5M WEALTH RANGE, INCLUDES PRIMARY RESIDENCE)
INVESTABLE ASSETS PRINCIPAL RESIDENCE

55% 16% 12% 8% 6%

2%
DEFINED CONTRIBUTION ACCOUNTS
INSURANCE, ANNUITIES
INVESTMENT REAL ESTATE
PRIVATELY HELD BUSINESSES

* Cash, checking/savings
accounts, CDs, Treasury
44% 15% 15% 4% 21% OTHER Inflation-Protected Securities
(TIPS), Treasury bills, and
money-market funds
EQUITIES FIXED INCOME ALTERNATIVE INVESTMENTS
SHORT-TERM INVESTMENTS* SOURCE: SPECTREM GROUP

Portrait of Millionaires SOURCES: FIDELITY; SPECTREM GROUP

MEN WOMEN MARRIED 834463*)77-327 *-2%2')7 EMPLOYED* 43%

67% 33% 76%

MEDIAN ANNUAL INCOME**

$125,000
PROFESSIONAL MEDICAL,
WHITE/CAUCASIAN 91% SERVICES HEALTH MEDIAN RETIREMENT ASSETS (WORKPLACE)

$750,000

UNDERGRADUATE DEGREE OR HIGHER MEDIAN INVESTABLE ASSETS

83% $1.75 MILLION

EDUCATION

$1 MILLION TO $5M $5 MILLION TO $25M MORE THAN $25 MILLION

;)%08,

%:)6%+)%+)
52 YEARS OLD 62 YEARS OLD 66 YEARS OLD

* Remainder (57%) includes retired (52%), unemployed (2%). ** Primary sources of income are salary from employer (27%), investments (24%), pension/retirement plan/SS (31%).

%687 (ENTERTAINMENT) 86%:)0 .);)06=

SPENT MORE THAN $5,000 SPENT MORE THAN $10,000 SPENT MORE THAN $5,000
5% 19% 4%
14% 48% 6%

SEPTEMBER 2017 M O N E Y. C O M

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