Showing posts with label Wills Trusts and Estates Prof Blog. Show all posts
Showing posts with label Wills Trusts and Estates Prof Blog. Show all posts

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

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