In The Affluent Market Tracking Study #11, the latest report in a series of twice-yearly surveys by The American Affluence Research Center (AARC) 80% of the affluent respondents in the sample reported a net worth of $1 million or more and 37% reported investable assets of $1 million or more.
With this survey representing the 11.2 million affluent households classified as the wealthiest 10% of US households in the latest Federal Reserve Board research, AARC calculates that 9.1 million US households can be considered millionaires (with a net worth of $1 million or more) and 4.2 million of these millionaires have investable assets of $1 million or more.
The survey also profiles these millionaires as having an average income of $356,000, a primary residence with an average value of $1.2 million, an average net worth of $3.5 million, and an average of $1.7 million in investable assets.
