Divide Between US Wealthy and Mass Affluent Widens

The number of U.S. households with at least $1 million in investable assets grew by more than 1.3 million since 2006, before the financial crisis, to 6.8 million households by mid-2016, accounting for 5.5% of all U.S. households, Phoenix Marketing International reported Thursday. The overall wealth market is growing, but the ratio of millionaires to total…