Mainstream News

US has fewer 401(k) millionaires after coronavirus stock market meltdown

US has fewer 401(k) millionaires after coronavirus stock market meltdown 1

There were over 11 million households in America worth between $1 million and $5 million in February, according to Spectrem Group’s Market Insights Report 2020. That figure — the number of 401(k) millionaires, as they were called — was heralded in many newspapers just a few weeks ago.

Now, according to Spectrem, there are half a million fewer in this group because of the recent stock market meltdown.

Households with a net worth of between $100,000 to $1 million dropped by 200,000 to 31.6 million since the end of 2019, the report said.

Read the Full Article

Mainstream News

Prepare Now Before its too Late

Discover where products are available & compare prices

Waka Flocka Flame’s quarantine sex life is great, thanks
Christian Wood, one of first NBA players with coronavirus, is ‘fully recovered’

You might also like
Menu