Friday, May 31, 2013

Via JMG: 16% More American Millionaires

The number of American millionaires rose by 16% in the last year. Via New York Daily News:

Blazing stock market gains pushed more bank accounts past the $1 million mark last year. The number of millionaires around the globe reached 13.8 million by the end of 2012, up from 12.6 million in the prior year, according to a report by Boston Consulting Group. Private wealth worldwide grew by nearly 8% last year to $136 trillion. The biggest driver was the performance of equity markets, which helped the “haves’ have even more. The U.S. was home to the most millionaire households, with 5.9 million — up about 16% from the prior year.
Meanwhile the number of people using food stamps has soared by 70% since 2008.

Reposted from Joe

No comments:

Copyright 2011 by Daniel C. Orey All rights reserved. No part of this website may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the author.