daveman
Diamond Member
Millionaire Population Grows by 200,000
And who are today's millionaires?
Americas millionaire population is still growing though not by much.
The number of millionaires in America grew by 200,000 in 2011, according to a new report from Chicago-based Spectrem Group.
That sounds like a lot especially with so many Americans still losing jobs and homes. But it represents a growth rate of only 2% much slower than the growth in 2009 and 2010.
According to Spectrem, there are now 8.6 million households in the U.S. with a total net worth (minus principal residence) of $1 million or more. The number of households worth $5 million or more and $25 million or more also remained fairly flat, with growth of less than 2%. There are now 1,078,000 households worth $5 million or more and about 107,000 people worth $25 million or more.
The number of millionaires in America grew by 200,000 in 2011, according to a new report from Chicago-based Spectrem Group.
That sounds like a lot especially with so many Americans still losing jobs and homes. But it represents a growth rate of only 2% much slower than the growth in 2009 and 2010.
According to Spectrem, there are now 8.6 million households in the U.S. with a total net worth (minus principal residence) of $1 million or more. The number of households worth $5 million or more and $25 million or more also remained fairly flat, with growth of less than 2%. There are now 1,078,000 households worth $5 million or more and about 107,000 people worth $25 million or more.
And who are today's millionaires?
The report also broke down todays millionaires by occupation and former occupation if retired. Managers make up the largest group, with 17%, followed by educators (12%), corporate executives (7%), entrepreneur/business owners (6%) and attorneys and accounts.