Richest households pass 1 million mark

Topspin

Topspin

Verified User
Richest households pass 1 million mark
Report finds households with net worth of at least $5 million grew 23 percent to 1.14 million in 2006.
By Jeanne Sahadi, CNNMoney.com senior writer
April 17 2007: 9:32 AM EDT


NEW YORK (CNNMoney.com) -- It's getting less and less lonely at the top. The number of U.S. households with a net worth of $5 million or more exceeded 1 million for the first time, according to a report released Tuesday.

And that doesn't even include the value of their primary homes.

The 1.14 million "ultra high net worth" households in 2006 is up from 930,000 in 2005 and is quadruple the 250,000 counted a decade ago, according to findings from "Affluent Market Insights 2007," compiled by the Spectrem Group, a consulting firm specializing in affluent and retirement markets.

And those on their way to being ultra high net worth grew, too. Spectrem found that the number of U.S. households with a net worth of at least $1 million, excluding primary homes, grew to 9 million, up 8 percent from the year before, while households with at least $500,000 rose 9 percent to 15.3 million
 
I expected an unintelligent response out of the gate from you or Desh.
Duhla and Ladyt are prob digging in Moveon.org to come up with some class warfare card they haven't memorized.

Again, the point to educate the dems is don't aim at the middle so lowly that you miss or alienate the Reagan Democrats like happened in the Eighties.:clink:

I think Hillary is too smart to do the above, she knows money
 
check some of your old posts.
You were in there with desh swearing it was all home equity.
You are hereby proven wrong yet again by Uncle Jed.:clink:
 
For this particular report you are correct. I might have also been wrong on another deatil or two on these types of issues. But I am not wrong in my overall view. I hope someday you learn as well.
 
You are coming over; and it's not the dark side. Heck we can afford energy efficent bulbs.

Your throwing old tape assumptions at me that I know are wrong, cool if it makes you feel better.

My whole gig on this front is to remind dems not to give away the upper middle class to the cons.:clink:
 
but there are a lot MORE people who have to work more jobs, more hours, for less benefits, and less security.

Learn to factor this into your myopic worldview, topspin.
 
assclown, what I was calling for is exactly what Obama did.
Office depot is about to open, have a good day.
 
fool did Obama try to go after all but the top 5% with his tax cuts.
Even a moron like you could get that.
 
Surprising it went up this year considering the average of peoples net worth in there homes and investments went down sharply.
 
Chapdog said:
Surprising it went up this year considering the average of peoples net worth in there homes and investments went down sharply.
Click to expand...

It's not surprising. It went up BECAUSE so many other people's went down. More people are doing worse than are doing better, but of course your little fascist neocon peabrain can't process that reality.
 
You must log in or register to reply here.
Back
Top