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

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