A new report from Bloomberg published Thursday reveals the United States now has more millionaire residents than people living in Sweden; breaking another record under President Trump and showing more signs of strong economic growth.
“The number of wealthy households in the U.S. reached a new high last year, roughly equivalent to the entire population of Sweden or Portugal,” reports Bloomberg.
“More than 10.2 million households had a net worth of $1 million to $5 million, not including the value of their primary residence, according to a survey by the Spectrem Group. That’s up 2.5 percent from 2017,” adds the report.
According to the survey, America’s high-income households -those with assets worth $5 million and above- have more than doubled since the economic crash of 2008.
Read the full report at Bloomberg.