Record Number Of Millionaires

[jeffrey]

The millionaire ranks keep swelling. 2004 finds more millionaire households than ever with a the biggest year-to-year increase according to a new survey by TNS Affluent Market Research Program.

The survey found a 33% increase in US millionaires (excluding primary residences) over last year from 6.2 million to 8.2 million households with about 50% of those being retired. The 8.2 million households represent approximately 7% of all U.S. households.

While the increase in millionaires last year was attributed to real estate investments, this year's increase was attributed more to ownership of stocks and bonds.