A new study shows Connecticut has the second highest concentration of millionaires in the U.S. It is second only to Maryland and its position is unchanged from 2014.
The Phoenix Marketing International Global Wealth Monitor study said 100,996 of the state’s 1,383,854 households have investable assets in excess of $1 million. In 2015, Maryland maintained its position as the state with the highest concentration of millionaires (7.7 percent), followed by Connecticut (7.3 percent), Hawaii (7.25 percent), New Jersey (7.24 percent), and Alaska (6.85 percent).
The study provides estimates of affluent ($100,000+ in investable assets) and high net worth ($1 million+ in investable assets) households throughout the country. This year marks the first time that the United States has over 1 million Pentamillionaire households, or households with $5 million+ in investable assets.
Two of the states with the largest decrease in millionaires are Rhode Island and Missouri. Some of the biggest gainers of millionaires include Montana, Minnesota, Oregon and North Dakota.
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