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How many millionaires & billionaires are there in the US ?

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Based on a very rigorous analysis by Robert Wolff of NYU …

Scored in constant 1995 dollars – i.e. eliminating the effects of inflation  …

  • Roughly 6.5% of US households – about 7.5 million — have a net worth greater than $1 million.
  • That’s up 5.25% since 2007 … an increase from 6.3% of households
  • But, the number of households with net worth greater than $5 million declined by 27.5% from 2007
  • And, the number of households with net worth greater than $10 million declined by 25% from 2007

Bottom line: More millionaires … but they have fewer millions.

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Source: Wolff, NYU, Asset Price Meltdown and Wealth of the Middle Class

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This entry was posted on December 4, 2012 at 6:45 am and is filed under Income & Wealth, Income - Earnings, Net Worth, U.S. - Income & Wealth, Wealth - Distribution. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “How many millionaires & billionaires are there in the US ?”

  1. How many millionaires are there in the U.S. ? … and some other interesting economic factoids « The Homa Files Says:
    December 5, 2012 at 6:44 am | Reply

    […] For an update see our later post How many millionaires & billionaires are there in the US ? […]

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