![]() households) can now claim millionaire status. But last year, at least, the good times continued to roll. Phoenix MI is tracking the effects of the coronavirus pandemic, which could make for a very different landscape going forward. "While the total number of high-net-worth households grew, these increases were largely seen in the wealthiest states, reinforcing the broader ongoing wealth-gap issues the country faces," says Carl Uttaro, VP of financial services research at Phoenix MI. Market research firm Phoenix Marketing International notes that although the total number of millionaire households rose for the 11th straight year in 2019, the gains were disproportionately seen in states that already had more than their fair share of millionaires. When it comes to where millionaires live in America, the rich keep getting richer.
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