The U.S. Now Has More Millionaires Than Sweden Has People

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“Some of this slowing in wealth creation has to be expected due in part to softening equity markets, after almost a decade of very strong returns, coupled with the early effects of the tax reform on affluent households,” said Greg Soueid, head of wealth management at advisory firm Treliant. “That said, the growth rate of wealthy households continues to outpace middle-class growth rates.”