There’s a millionaire living on nearly every block in America, on average, a study out Tuesday revealed.
The number of millionaire households in the US grew by 18 percent last year from 2012, the study found, bringing the total number of millionaire households in the country to roughly 7.1 million.
That means there is one millionaire household for every 16 households in the country. That’s up from one of every 22 households being millionaires in 2010 and one in 24 in 2007.
So today, with about 22 houses per block, if there isn’t a family worth seven figures living on your block, there will likely be, on average, one living on the next block.
The study, by the Boston Consulting Group, excluded the value of the home in calculating household wealth.
And the rich — fueled in large part by stock market gains — are expected to get richer faster than those not yet worth a million bucks, the BCG study found.
“Wealth held by all segments above $1 million is projected to grow by at least 7.7 percent per year through 2018,” BCG forecast, “compared with an average of 3.7 percent per year in segments below $1 million.”
The US had 5.2 million millionaire households in 2010 and 4.9 million millionaire households in 2007, BCG said.
If you thought the US had the most millionaires — you are right. Roughly 44 percent of the world’s millionaire households live here.
The US also had the most households worth $100 million or more — at 4,754.
China, though, now has the second most millionaire households, finishing 2013 with 2.4 million. The number of millionaire households in that country rose 82 percent last year, BCG reported, an increase that allowed it to leapfrog Japan — where the number of qualifying households actually fell 20 percent to 1.2 million.
But in terms of wealth concentration, Qatar wins by far, with one in six households breaking the million-dollar barrier.