Did You Know?

DID YOU KNOW? The number of people with a net worth of between $5 million and $30 million rose to 2.67 million in 2019, a growth rate of 10% from 2.39 million people in 2018, mostly due to the equity market boom fueled by growth, low-interest rates, and lowered tax rates: the S&P 500 was up 28.9% for 2019, the Nasdaq was up 35.2%, and the Dow rose 22.3% in 2019. The same group rose to 2.39 million individuals in 2018, a growth rate of just 1% from 2.35 million individuals in 2017. There were 969,075 very rich individuals in the USA in 2019, up 15.9% from the year earlier. (CNBC)

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