A survey of U.S. investors with $25 million or more finds their average age dropped by 11 years since 2014, to 47. These fabulously rich Americans, whose ranks have more than doubled since the depths of the Great Recession, are younger than less wealthy millionaires. The average age of those with at least a mere $1 million is 62, a number that hasn’t budged in years.
About 172,000 U.S. households have net worths of at least $25 million, Spectrem estimated last year. That’s up from 84,000 in 2008.
About nine in ten investors under 38 attributed their success to “inheritance” and “family connections” in the Spectrem survey. But the same proportion also said “hard work” and “running my own business” played a role. About 70 percent of the richest investors said they’re still working.
Submitted January 23, 2019 at 04:54AM by jingyan4 http://bit.ly/2Mra7Mj
