Saturday, July 12, 2008

Number of millionaires continues to grow...

Gimme More!!!
$5.00 gas -- it's what's for breakfast.

"I don't need your civil war ... It feeds the rich while it buries the poor."
The Wills, Trusts & Estates Prof Blog cites a report cliaming that the number of millionaires continues to grow:
Despite what some people deem a time of economic downturn, it appears that more individuals then ever are being financially successful. Here are some of the key findings from a report issued by Merrill Lynch and the Capgemini Group:
  • Over 10 million people are millionaires, the highest number in history.
  • Overall combined wealth of the millionaires increased by 9% from the previous year.
  • Average wealth, not including homes, exceeded $4 million.
  • The countries with the highest rate of growth include India, China, and Brazil.
  • The United States still has the highest number of millionaires (one-third of millionaires live in the United States)
  • The number of superrich ($30 million or more) also increased by 9%.
For more information, see Candice Choi, World now has 10 million millionaires, report says, CNN.com, June 24, 2008

[where: 75223]