For those of you who are interested in millionaires:
The number of people around the world with at least $1 million in assets passed 10 million for the first time last year, according to a new report. And their bank accounts are growing even faster.
$1 million is not what it used to be, but it's still more than most people have.
Given that, according to reports I've seen elsewhere, nearly all of the growth in millionaires is in other countries, I wonder how much of this is due to the decline of the dollar relative to other currencies.
Posted by: cmadler | June 25, 2008 at 11:08 AM
I would love to see how this total changes if they actually included home values. After all, this is the largest asset that most people have.
Posted by: Todd | June 25, 2008 at 12:05 PM
So the global number of millionaires is in excess of half the population of New York state? So a million dollars is basically chump change, relatively speaking?
Disclaimer: I am in this group and consider my situation to be somewhat comfortable but not rich. I'm stressing on the rising prices and trying to cut back on my spending!
-Mike
Posted by: Mike Hunt | June 26, 2008 at 12:55 PM