By ABGJ @ Shutterstock.com
A million bucks doesn’t go as far as it used to, but it is still a lot of money. Nationally, only 5.8% of households have $1 million or more in investable assets. But the wealth isn’t evenly distributed across the states.
According to Kiplinger the states with the highest concentration of millionaires are as follow:
- Maryland (7.87%)
- New Jersey (7.86%)
- Connecticut (7.75%)
- Hawaii (7.57%)
- Alaska (7.50%)
- Massachusetts (7.41%)
- New Hampshire (7.36%)
You can check out Kiplinger’s entire ranking of Millionaires by state here.
The following two tabs change content below.
Jeremy Jones, CFA
Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.
Latest posts by Jeremy Jones, CFA (see all)
- Tax Cuts are About to Get A Lot More Popular - December 17, 2018
- U.S. Oil Revolution Looms over OPEC - December 14, 2018
- Are Canadian Home Prices About to Crash? - December 13, 2018