Number of Federal Employee Millionaires Up Dramatically

Ralph R. Smith
October 5, 2020 6:37 PM

With the rising value of the stock market since the end of March, the number of millionaires in the federal government’s Thrift Savings Plan (TSP) has surged.

As of March 31st, there were 27,212 millionaires in the TSP. Keep in mind, this number had been reduced by the mandated economic depression as a result of the COVID-19 virus. By comparison, the number of millionaires at the end of December was 49,620.