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This state has had the highest number of millionaires for 7 years running

MarketWatch photo illustration/Everett Collection
There are more millionaires in the U.S. now than ever before.

Residents of Maryland are raking in the riches, and don’t look to be stopping any time soon.

The state has came in the top spot for the seventh year in a row in a ranking of states with the most millionaires released by New York-based marketing firm’s Phoenix Marketing International on Wednesday. The listing comes as the top 1% of the U.S. continued to add wealth in 2017, now holding more than one fourth (26.2%) of liquid wealth in the country — approximately $9.7 trillion.

“The historic and continuing gains in the capital markets means that the concentration of wealth in fewer and fewer hands continues unabated,” David Thompson, the company’s managing director of affluent practice, said.

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