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03-09-2010, 03:02 PM #1
More Americans Can Call Themselves Millionaires, Study Finds
More Americans Can Call Themselves Millionaires, Study Finds
March 09, 2010
The number of Americans who can call themselves millionaires has gone up in the past year, according to a report released Tuesday by Spectrem Group.
The number of U.S. households with a net worth of at least $1 million, not including primary residence, increased 16 percent to 7.8 million in 2009, according to the group's press release.
The number is up from 6.7 million in 2008. That follows a 27 percent decline in the millionaire population in 2008.
The number of households with a net worth of at least $5 million, known as Ultra High Net Worth households, surged 17 percent to 980,000 in 2009.
"The nation’s millionaires – together with its Ultra High Net Worth households – are bouncing back from the recession. Following a sharp decline in 2008, both groups saw their numbers advance nicely in 2009," said President of Spectrem Group George H. Walper, Jr.
The broader affluent population, with a net worth of at least $500,000, also increased in 2009. This population increased by 12 percent to 12.7 million.
http://www.foxnews.com/story/0,2933,588577,00.htmlNO AMNESTY
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