Nevada Business Magazine
The Decision Maker's Magazine
By Leave a Comment
The Private Bank by Nevada State Bank released the latest edition of its High Net Worth Report series today. Issue 2 of 2022 explores trends in wealth growth and retirements in recent years. This issue provides a look into two key drivers of wealth growth – the stock market and home equity, and the corresponding trends in labor force participation for residents aged 55 and over in Nevada.
Highlights from the report include:
v Between March 2020 and May 2022, the share of Nevadans aged 55 and over in the labor force fell by 4.7 percentage points from 40.8 percent to 36.1 percent (a change from about 362,900 to 340,300).
v While the number of retirees had been steadily declining from 2018 to early 2021, the share of retired Nevadans aged 55 and over increased by 4.8 percentage points to 54.7 percent between February 2021 and May 2022.
v Between the third quarter of 2019 and the end of 2021, Americans aged 55 and over added $22.8 trillion in assets, with $11.5 trillion, or 57.6 percent, of this increase coming from investments in stocks and mutual funds.
v Nevada homeowners gained an average of $91,000 in equity in the first quarter of 2022 compared to the prior year, the seventh-largest year-over-year home equity gain in the United States.
“We saw a rise in the number of retirees in the 55-and-over age segment in Nevada in recent months,” said James Rensvold, Executive Vice President and Director of Private Banking. “Many households in Nevada saw significant gains in overall household wealth, particularly as the value of investment portfolios and home values increased over the last two years, which potentially impacted the horizon for Nevadans nearing retirement.”
The Private Bank’s High Net Worth Report is available on Nevada State Bank’s website at www.nsbank.com/HNWreport or by contacting The Private Bank directly at 702.855.4596.
About Nevada State Bank (@nevadastatebank)
Nevada State Bank, a division of Zions Bancorporation, N.A., was founded on Dec. 9, 1959. The full-service bank offers a complete range of consumer, private, and business banking services. Nevada State Bank’s colleagues regularly volunteer in their communities and have been dedicated to helping make Nevada a better place to live for the last 61 years. Zions Bancorporation, N.A. is included in the S&P 500 and NASDAQ Financial 100 indices (NASDAQ: ZION). For more information on Nevada State Bank, visit www.nsbank.com.
A division of Zions Bancorporation, N.A. Member FDIC.
Filed Under: Press Release Wire
Southwest Medical Adds Three New Healthcare Providers
Nevada Donor Network’s Team Nevada Returns Home with 22 Gold Medals from the 2022 Donate Life Transplant Games of America
Boys & Girls Clubs Offer Solution for Working Parents for Their Kids Before and After School — Fun, Safe & Affordable Programs at 13 Clubs throughout Valley —
Nathan Adelson Hospice Seeks More Pets & Pet Therapists for ‘Paws for Paul’ Pet Therapy Program
Goodwill® of Southern Nevada Welcomes Director of Philanthropy
ImageWords Communications Launches New, Flexible Publicity Packages Aimed at Independent Business Owners
De Castroverde Law Group Accepting nominations for Fall 2022 Teacher Appreciation Award
CSN Celebrates Kick Off of 2022 Academic Year
Naylor & Braster Managing Partners Receive 2023 Best Lawyers Distinction for Ninth Consecutive Year
Hon. Lisa M. Neilson (Retired) Partners With Lipson Neilson PC to Serve the Family Law Community in Three Important Roles
Nevada Homeowner Assistance Fund Expands Program
Nevada State Bank Branches Accepting Donations for Dogust Pet Supplies Drive
Nevada State Bank Names Marie West South Carson Branch Manager
Fed Up Kitchen Launches Wedding Prep Meal Service in Las Vegas
KPS3 Ranks on the 2022 Inc. 5000 Annual List
PRSA Sierra Nevada Offers Free Public Relations and Communications Counsel to Reno Area Nonprofits and Businesses at Annual Pr-To-Go
M.Y.S. Firm Welcomes Former Las Vegas Urban Chamber of Commerce President, Ken Evans, as Community Programs Advisor
Optum Care Lung and Allergy Care Adds a New Physician
Business Network Group to Feature Attorney Kirill v. Mikhayov as Speaker
Registration for AngelNV Entrepreneur Bootcamp Opens Sept. 1
Renewable Diesel Plant Set to Launch Operations in Northern Nevada with Potential to Save 880 Million Pounds of Carbon Emissions Per Year
Hope Means Nevada and Silversummit Healthplan Launch Campaign to Connect Youth at Risk for Suicide to Mental Health Resources
Aha! Inaugurates New Nonstop Service Between Idaho Falls and Reno-Tahoe with Free Tickets for the First 100 Passengers
Food Hall Vendors Announced at Reno Public Market
NSB’s Private Bank Report Explores Trends in Wealth Growth
Nugget Casino Resort Earns Top Safety Designation from the Nevada Safety Consultation and Training Section
NVO Construction Hires Industry Veteran Aaron West as Chief Strategy Officer
TheOfficeSquad Opens Henderson Location, Now Serves Businesses in Southeast Las Vegas Valley
Downtown Reno Partnership Names New Executive Director
Northcap Commercial Arranges Sale of Nevso Cove Apartments for $16,280,000
Free Social Events, Wellness Workshops and Fitness Classes at Optum Community Centers
Don’t Miss Kamer Zucker Abbott’s Next Webinar!
Nawbo Southern Nevada Now Accepting 2022 Women of Distinction Awards Nominations
CAMCO Nevada Promotes Bree McRae to Regional Director of its Portfolio Division
CSN Launches Six New Programs
Las Vegas Area Home Prices Dip for Second Straight Month
Faith Lutheran Begins 2022-23 Academic Year with New Principal
Grand Sierra Resort and Casino Honors a Selfless Medical Assistant as the Most Recent “Grand Hero”
Downtown Reno Partnership Announces New Marketing Manager and Office Manager
Kamer Zucker Abbott Elevates Kaitlin Paxton to Partner
KPS3 Hires Chelsea Bosco as Designer
Lipson Neilson’s Joseph Garin and Megan Thongkham Named 2022 Mountain States Super Lawyers
Open Enrollment for Upcoming Miss Silver State Pageant
Move 4 Less Recognizes Dream Home Art Contest Youth Winners with Party and Prizes
LumiZen Wellness Debuts Premier CBD Products for People and Pets Alike
Celebrate International Coworking Day at The Coop and Test Drive the Coworking Experience for Free!
aha! Reports Exceptional Operating Performance for July 2022
ioneer Signs Binding Lithium Offtake Agreement with Prime Planet Energy & Solutions
The Problem Solver Show to Interview Man Who Discovered Third Body in Lake Mead
Aug. 18 NAIOP Southern Nevada Breakfast Presents “The Future of the Las Vegas Strip Is Here”
Pilots Revealed for 2022 STIHL National Championship Air Races
Preparing for End of Life Workshop
Las Vegas Attorney Offers Free Workshop on Protecting Children’s Inheritance and More
CVMC Welcomes Lisa McKinney, APRN to Ironwood Primary Care
Realtor Nate Strager Releases Weekly Market Update as Part of His Information Campaign
Entertainment and Supper Club Summer Schedule at the Stirling Club Continues to Sizzle
Community Leader Don Snyder Elected Chairman of the United Way of Southern Nevada Board
Lexicon Bank Sponsors Scleroderma Sprint Event, Fueling Efforts For A Cure
Optum Care Cancer Care Adds a New Physician
Southwest Medical Adds Three New Healthcare Providers
International Celebrity Vocal Coach Romeo Johnson Offers Vocal Lessons To Clark County Residents
Team From The Problem Solver Show to Sponsor Free Ice Cream and T Shirt Give Away For Kids
Las Vegas Orthopedic Surgeon Offers New Treatment For Limb Lengthening
TSK Celebrates O’Brien Middle School Redesign Ribbon Cutting in Partnership With Cumming Group
Godspeed Capital-backed Huckabee Architects Invests in TSK Architects
Dunkin’ Presents $4,000 to Cure 4 The Kids Foundation From Funds Raised on Iced Coffee Day
Nevada Bankers Association Announces 2022-23 Board of Directors
Annie Wagner of KPS3 Earns Certificate in Principles of Public Relations
NAR Tabs Nevada REALTORS® Leaders to Serve in National Leadership Roles
Kamer Zucker Abbott Attorneys Selected to the 2022 Mountain States Super Lawyers® List
Kamer Zucker Abbott’s Next Webinar: Balancing Employee vs. Employer Rights in Divisive Times
Henderson Chamber of Commerce Announces 2022 Board of Directors Additions
De Castroverde Law Group and Findlay Subaru of Las Vegas Award $10,000 College Scholarship to Allison Hill
Karma and Luck Supports Ukraine Through Donation to Doctors Without Borders
Support Local Students and Teachers During the Greater Schools Supplies Drive
KPS3 Welcomes Lauren Davis to Team
Las Vegas-Based Neteffect Named a Top Firm by Clutch
Bank of Nevada Welcomes Michael Pizzi as Managing Director of Commercial Banking
Following Nevada Osha’s Adoption of Heat Guidelines, There Are Free Resources for Employers to Protect Employees From Heat-Related Illness and Injuries
aha! Launches 50% Off End of Summer Super Sale – Book Now!
Evolution of Healthcare with RESET IV
Mark Wiley Group Announces Buck Hujabre as New President of Commercial Division
Jim Seebock Announces Run for Henderson City Council Seat Ward One
WestCor Announces New Director of Marketing and Business Development
Home At Last™ by Nevada Rural Housing Launches New 4% Advantage Down Payment Assistance Option
Tilt-up construction is complete at Mountain West Industrial Park
Grow with Google Provides Nevada Small Businesses With Tools to Reach Customers in Changing Economy
Facebook Launches New “Feeds” Tab Connecting Users More Than Ever
Trosper Public Relations Announces New Hire in Northern Nevada
Emerald Island and Rainbow Club Casinos Partner With Local Woman-Owned Spirits Company to Offer ‘Super Premium Well’ Vodka
Greater Nevada Mortgage Provides Down Payment Assistance for Eligible First-Time Homebuyers
Education Non-Profit CORE Names Jordan Ashley Berkowitz as Development Director
ioneer Signs Binding Lithium Offtake Agreement with Ford
Two attorneys from De Castroverde Law Group honored as 2022 Mountain States Super Lawyers Rising Stars®
Grow With Google Provides Nevada Small Businesses With Tools to Reach Customers in Changing Economy
The NCJFCJ Recognizes the Honorable Linda Marie Bell As the 2022 Impact of the Year Recipient at Annual Justice Innovation Awards
Broadbent & Associates, Inc. Donates to Local Youth Hockey Team
Goodwill® of Southern Nevada Spreads Mid-Year Cheer with Second Annual ‘Christmas in July’ Event
CALVPresenting Sept. 21 Educational Symposium for Real Estate Pros Featuring Cyber Security Expert Frank Abagnale of “Catch Me if You Can” Fame
Goodwill® of Southern Nevada Promotes from Within
Copyright © 2022, Business Link LLC dba Nevada Business Magazine and Nevada Business Journal. Privacy Policy | Terms & Conditions
Nevada Web Design services by Nevada Central Media using Genesis Framework by StudioPress 
*Your Name
*Your Email
Phone Number
Company
*Subject
*Your Message
*Your Name
*Your Email
Phone Number
Company
*Subject
*Your Message
*Your Name
*Your Email
Phone Number
Company
*Subject
*Your Message
*Your Name
*Your Email
Phone Number
Company
*Subject
*Your Message
*Your Name
*Your Email
Phone Number
Company
*Subject
*Your Message
*Your Name
*Your Email
Phone Number
Company
*Subject
*Your Message
*Your Name
*Your Email
Phone Number
Company
*Subject
*Your Message
*Your Name
*Your Email
Phone Number
Company
*Subject
*Your Message
*Your Name
*Your Email
Phone Number
Company
*Subject
*Your Message
About Author
