Did You Know: The Great Wealth Divide
Everyone’s heard of the 80/20 rule – 80% of the money is held by 20% of the people. Well, we wanted to put that adage to the test and see just how big the divide is between the Mass Market (less than $100,000 in investable assets per household) and Ultra High Net Worth (more than $25 million in investable assets per household).
Although the Mass Market is comprised of 68% of the nation’s households, they hold only 5.5% of the wealth. Conversely, the extremely tiny population that makes up the Ultra High Net Worth (0.04% of U.S. households) holds 7.7% of the nation’s investable assets – that’s more than the entire Mass Market tier!
Source: WealthComplete® (June 2015)
Top High Net Worth Markets
Which U.S. markets have the most Ultra High Net Worth households?
- New York
- Los Angeles
- San Francisco
Would you like to receive insights like these monthly? Click here to sign up for our “Did You Know?” eBlast series to learn more about financial profiles of U.S. households.