Connecticut”™s contribution to the millionaire demographic continues to hold up, according to the annual Wealth & Affluent Monitor published by Phoenix Marketing International.
Neighboring New York, however, appears to be losing millionaires: it peaked with a 12th place ranking in 2011 but is now in 18th place. And this seems to be going against the national trend: approximately 6.8 million households, or 5.5 percent of all households, had $1 million or more in investable assets in 2016, up 4 percent from one year earlier. These households have approximately $20 trillion in total liquid wealth, which is roughly 59 percent of nation”™s total liquid wealth.