Paul Kedrosky found a nice study on the burgeoning growth of millionaires:
"Being a millionaire is becoming so … common. The damn people are seemingly everywhere, as a new report from
TNS points out. The number of U.S. millionaire (excluding primary
residence) households is up 5% to 9.3m, which means, given 92m U.S.
households, that one in 18 households meets the definition, or one
every urban block or so."
Here’s the growth breakdown overtime, and by county, via TNS:
click for larger table
This is consistent with our discussion of the Hedonism index Tuesday.
TNS REPORTS RECORD BREAKING NUMBER OF MILLIONAIRES IN THE USA
Annual Survey of the Wealthy Reveals Significant Growth in Internet
Investing Reducing the Need for a Financial Advisor
TNS-GLobal, May 1, 2007