Household wealth in America has hit new highs.
With an additional 500,000 households reporting a net worth of
The number of high-net-worth and ultrahigh-net-worth households saw similar increases, according to the study, which uses 2014
"Given the record-level stock market in 2014, along with a full recovery of investment real estate and investors’ perceptions of value in their own privately held businesses, it is not surprising that we’re seeing these record numbers,” said
"All the different ways that we look at wealth in America are all at record levels and all clearly at pre-recession levels," reflected Walper. "In my mind, that whole group is over the hump."
That includes the mass affluent, households with a net worth between
|Copyright:||(c) 2015 Financial Planning. All rights Reserved.|
|Source:||Source Media, Inc.|