US has fewer 401(k) millionaires after coronavirus stock market meltdown By John Crudele March 25, 2020 | 9:54pm Enlarge Image Shutterstock More from: John Crudele Time for Democrats to unite on coronavirus aid bill Elected officials shouldn't be penalized for holding office Insider trading is business as usual for our politicians 'Dear John' reader gets lemonade for a GM lemon Restaurateur gives tips on helping coronavirus-hit industry 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. https://nypost.com/2020/03/25/us-ha...ires-after-coronavirus-stock-market-meltdown/
%% Not likely most millionaires had it all in stocks; some may have. But they tend to have no or low mortgages, also...…………………………………………………………………………………………………………………..