Number of millionaires hits record [View All]

[MsUSA]

NEW YORK (CNN/Money) - The number of millionaires in America reached record highs in 2004, hitting 7.5 million, according to a new survey.

That represented a gain of 21 percent, the largest jump in the number of U.S. millionaires since 1998, according to the survey by the Spectrem Group, a Chicago-based research firm.

Spectrem counted Americans with net assets of $1 million or more, excluding primary residences but including second homes and other real estate holdings. There were 6 million millionaires in 2001, when the bursting of the tech-stock bubble pruned more than a million Americans from this status.



http://money.cnn.com/2005/05/25/pf/record_millionaires/index.htm?cnn=yes