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.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- The Ethical Minefield of Structured Settlements - October 22, 2018
- Can China Restore Confidence in the Heat of a Trade War? - October 19, 2018
- A Story of Retail Dominance Ends - October 18, 2018