Compared to everyone else, how are you doing financially? According to the Federal Reserve, the real median net worth of American families was $192,900 as of 2022, up 37% from 2019. If your net worth is around that amount, you may feel comfortable financially — but you’re a long way off from the “high-net-worth individual” […]
Tag: HighNetWorth
Can You Guess What Percentage Of A High-Net-Worth Individual’s Portfolio Is Typically Held In Retirement Accounts?
Can You Guess What Percentage Of A High-Net-Worth Individual’s Portfolio Is Typically Held In Retirement Accounts? High net worth individuals (HNWIs) are those who have at least $1 million in easily convertible assets like cash, stocks, and bonds. They often manage significant wealth across diverse portfolios. As per Empower’s financial dashboard, retirement accounts such as […]
Wealthy Americans are more worried about finances than usual. Financial experts share their high-net-worth clients’ 3 biggest concerns
2023 was a whirlwind for the U.S. economy, with a number of headwinds—rising credit card debt, slumping housing sales, and the increasing cost of living—offset by a strong job market and robust consumer spending. Still, many Americans report feeling uncertain about their financial futures, and high-net-worth (HNW) investors are no different. In fact, just 59% […]
Is It Better to be Mass Affluent or High-Net-Worth? Weighing the Differences
The mass affluent hanging out with the high net worth on a boat While ‘millionaire’ might not be as weighty of a title as it was decades ago, seven figures of wealth is a significant accomplishment that indicates success and stability. Mass affluent individuals, with their robust yet accessible wealth, form a vital economic backbone […]