U.S. States With The Most Millionaires

[Rickson9]

The study defines millionaire households as those with $1 million or more in investable or liquid assets (excluding sponsored retirement plans and real estate). Overall, 5.08 percent*of U.S. households claim millionaire status, up from last year but still short of the 2007 high of 5.25 percent.

U.S. States With The Most Millionaires

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[H. Palmer]

Are you sure that definition is correct? Why would anyone have 1 million in liquid assets?

 

[Rickson9]

Why not?

 

[77startup]

Are you sure that definition is correct? Why would anyone have 1 million in liquid assets?

Emergency cash?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[lleone]

Are you sure that definition is correct? Why would anyone have 1 million in liquid assets?

Liquid assets include most stocks, money market instruments and government bonds, it's not just cash.

It's an interesting list. I was surprised Maryland was number 1. It'd be interesting to see it by city also.

 

[mcjon77]

Are you sure that definition is correct? Why would anyone have 1 million in liquid assets?

This seems to be a variant to the concept of "High Net Worth Individuals" used in the private banking industry.
High-net-worth individual - Wikipedia, the free encyclopedia

My bet is that liquidity is stressed since the people using the term (private bankers) are trying to get some of that money under their management. If you have a business that is valued at $1 million, but are cash poor, you are not a very good client for a private banker, because your have no cash for him to invest and make commissions on.