CHICAGO, April 17 /PRNewswire/ -- The very rich had a banner year in
The number of U.S. households with a net worth of $5 million or more,
not including primary residence (NIPR), rose to a record 1.14 million in
2006 -- surpassing 1 million for the first time ever, according to a new
report from Spectrem Group, "Affluent Market Insights 2007," released
This represents a 23% increase from 930,000 in 2005, and a quadrupling
from 250,000 Ultra High Net Worth households in 1996.
Millionaire households, those with a net worth of $1 million or more
(NIPR), grew to 9 million in 2006, an 8% increase from 8.3 million the year
before. Affluent households, defined as having $500,000 or more of net
worth (NIPR), reached 15.3 million last year, an increase of 9% from 14
million in 2005.
"The past few years have been nothing short of astounding for wealthy
Americans. We now have more than 15 million affluent households in the
United States, 9 million households worth $1 million or more and -- for the
first time ever -- more than 1 million Ultra High Net Worth households
worth $5 million or more. The Ultra High Net Worth households saw the
strongest growth of all affluent segments in 2006, increasing by 23% to a
record 1.14 million. This represents a quadrupling of their number in just
10 years," said Catherine S. McBreen, Managing Director of Spectrem Group.
The report, "Affluent Market Insights 2007," is based on a mail and
online survey in July 2006 of 526 U.S. households with a net worth of $5
million or more (NIPR) as well as 3,000 telephone interviews throughout
2006 with affluent households, defined as having $500,000 or more of net
worth (NIPR). The report data have a margin of error of plus or minus 4.3
percentage points. The report's market size figures are derived from
Spectrem Group surveys and other sources.
Those interested in a copy of "Affluent Market Insights 2007" should
contact Spectrem Group at 641 W. Lake Street, Suite 402, Chicago, IL 60661,
(312) 382-8284 (http://www.spectrem.com).
About Spectrem Group
Spectrem Group is a strategic consulting firm specializing in the
affluent and retirement markets. It integrates proprietary research with
expertise in building business, marketing and M&A strategies. Spectrem
professionals have held senior management positions at leading global
companies. Through a collaborative process, they create and implement
practical and profitable strategies that fit the cultures of client firms.
SOURCE Spectrem Group