Today's "Let them Eat Cake" Post:

Number of millionaires in America increased 16 percent in 2009.

A new study released by the research and consulting firm Spectrem Group finds that the number of millionaires in the United States increased by double digits the last year. According to Spectrem Group’s data, “families with a net worth of at least $1 million, excluding primary residences, rose to 7.8 million in 2009,” an increase of 16 percent:

The millionaires’ club in the U.S. grew by 16 percent in 2009, following a 27 percent decline in 2008.

Families with a net worth of at least $1 million, excluding primary residences, rose to 7.8 million in 2009, an increase from 6.7 million a year earlier, according to a survey of high- net-worth U.S. households conducted by Spectrem Group.

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