The U.S. Now Has More Millionaires Than Sweden Has People

Source: Bloomberg | March 13 2019 | Alexandre Tanzi

The number of wealthy households in the U.S. reached a new high last year, roughly equivalent to the entire population of Sweden or Portugal. More than 10.2 million households had a net worth of $1 million to $5 million, not including the value of their primary residence, according to a survey by the Spectrem Group. That’s up 2.5 percent from 2017.

The number of Americans in the wealthiest category has more than doubled since the Great Recession, the survey found, even as the rate of increase has eased.

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