Maryland has the highest ratio of millionaire households at 7.55 percent, according to the report released earlier this year.
» RELATED: 6 from Ohio, 1 from Dayton area make Forbes billionaires list
» RELATED: Ohio's millionaires list growing faster than other states
Where liquid assets are concentrated in American households:
Millionaire households: Nearly 6.8 million U.S. households, or 5.5 percent of all U.S. households, had $1 million or more in investable assets. These households control approximately $20 trillion in total liquid wealth, about 59 percent of the U.S. total.
Tip-top heavy: The top 1 percent of wealthiest U.S. households now holds 24 percent of liquid wealth.
Bottom 70 percent non-affluent: Non-affluent households, representing 70 percent of U.S. households, control less than 10 percent of the nation's liquid wealth.
Affluent households: There are 16.4 million households with between $250,000 and $1 million in investable assets. This group controls $8.5 trillion in investable assets, or 35 percent of total in the U.S.; however, this broadly affluent group lost $56 billion collectively between 2015 and 2016. The vast majority of the losses ($54 billion) hit the lower affluent segment with household liquid assets from $250,000 to $500,000.
Near-affluent households: Fourteen million near-affluent households in the U.S. with between $100,000 and $250,000, saw investable assets decline by $79 billion between 2015 and 2016, to $2.6 trillion.
Boomers have most wealth: Approximately 70 percent of the wealth and affluent market is comprised of Americans age 52 or older who have at least $100,000 in investable assets.
By generation:
Silent generation: 15 percent
Baby boomers: 55 percent
Generation X: 17 percent
Millennials: 13 percent
About the Author