At the end of March there were about 93,000 investors with accounts between $750,000 and $1 million. Image: Vintage Tone/Shutterstock.com
By: FEDweek StaffThe count of TSP millionaires continued to recover in the first three months of this year, although it remains below the level of 12 months before and well below the peak at year-end 2021.
The count stood at just above 88,000 as of March 31, up from just under 77,000 at year-end 2022 (the TSP made some revisions to the previously reported figures for that count), but about 12,000 below the count of 12 months prior and down about 25,000 from the nearly 113,000 high at year-end 2021.
As of the end of March there were about 93,000 investors with accounts between $750,000 and $1 million and about 206,000 with accounts between $500,000 and $750,000. That’s up from about 88,000 and about 198,000 for the three months but still below the 99,000 and 212,000 of 12 months prior.
The largest account balance was just under $7.2 million; the largest balance as of year-end 2022 was just under $6.9 million while the figure for 12 months prior was $8.4 million—presumably, but not necessarily, the same person.
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