According to a study done, almost 9 million households in the United States are members of the millionaires club of the country, which is known to have grown since 2008 following the recession.
Moreover, a report from a Chicago-based research firm Spectrem Group, 8.99 million US households boasted of a net worth of at least one million dollars by the end of 2012.
Even though, the study stated that the current number is less than the pre-recession high of 9.2 million in 2007.
To conclude, Spectrem Group president George H Walper Jr. said that the force of impact in equities after the recession is responsible for the spirited growth in wealth in many affluent households, in a similar way as the stock market crash triggered a steep drop in the net worth of wealthy investors.
After all it's a millionaires club!
(AW:Samrat Biswas)
