Wealthy Americans stacking up

The ranks of the well-off in the United States have increased in size and financial resources, finds the 2013 Ipsos Affluent USA.

Read: Wealth managers must adapt to new realities: PwC

Ipsos estimates there are 62.5 million American adults living in households that make $100,000 a year or more. That’s up more than 6% over the past two years. Compared to 2012, these peoples’ average income rose 4.6% to $200,200, and their net worth rose 2.0% to $1.01 million.

Read: Advisors aren’t just for the rich

The survey also uncovered some of the spending and consumer patterns of this well-off group:

• 81% read at least one print magazine or newspaper
• 63% own a smartphone
• 41% own a tablet
• 99%+ use the Internet, spending an average of 41.6 hours online a week, with those aged 18-31 spending an average of 52.7 hours a week online

Read: 46.5 million Americans are poor

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.