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Old 05-11-2011, 08:36 AM
 
Location: Los Altos Hills, CA
36,659 posts, read 67,526,972 times
Reputation: 21244

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Quote:
Originally Posted by cpomp View Post
Pennsylvania is very weathly, which proves many misconceptions about PA wrong
We are an incredibly blessed nation. From sea to shining sea.

Projected Millionaire Households, 2020
United States 20,551,000
Japan 8,649,000
US-SOUTH 6,808,000
Germany 5,789,000
US-WEST 5,096,000
US-NORTHEAST 4,312,000
US-MIDWEST 3,971,000
United Kingdom 3,814,000
Italy 3,552,000
France 3,346,000
China 2,500,000
Canada 2,413,000
South Korea 1,730,000
Australia 1,620,000


2020
US-Northeast 4,312,000
New York 1,458,000
New Jersey 831,000
Pennsylvania 804,000
Massachusetts 603,000
Connecticut 314,000
New Hampshire 117,000
Maine 71,000
Rhode Island 69,000
Vermont 45,000

2020
US-South 6,808,000
Texas 1,592,000
Florida 1,445,000
Georgia 674,000
North Carolina 615,000
Virginia 596,000
Maryland 474,000
South Carolina 264,000
Kentucky 207,000
Alabama 206,000
Oklahoma 182,000
Louisiana 160,000
Arkansas 140,000
Mississippi 86,000
West Virginia 70,000
Delaware 52,000
District of Columbia 45,000

2020
US-Midwest 3,971,000
Illinois 803,000
Ohio 666,000
Michigan 583,000
Wisconsin 368,000
Minnesota 341,000
Indiana 365,000
Missouri 333,000
Iowa 170,000
Kansas 168,000
Nebraska 98,000
South Dakota 42,000
North Dakota 34,000

2020
US-West 5,096,000
California 2,745,000
Washington 534,000
Arizona 434,000
Colorado 378,000
Oregon 296,000
Nevada 157,000
Utah 130,000
New Mexico 109,000
Idaho 95,000
Hawaii 92,000
Alaska 52,000
Montana 44,000
Wyoming 30,000
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Old 05-11-2011, 08:50 AM
 
Location: NY/FL
818 posts, read 1,388,519 times
Reputation: 421
So revising through the numbers I'm very pleased to say I am proud of Western/Upstate NYS, Mero NYC's 667K figure comes from NY, CT, and NJ and would assume for the minimum case that of the 667K millionaires that 200K while giving the most conservative count are from NJ and CT Upstate/Western NYS should bring in 300K millionaires alone and thats with underrepresented guesstimate. Rochester, Buffalo, Sycracuse, and Albany have much to offer and this city goer is proud of the whole state!
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Old 05-11-2011, 08:58 AM
 
Location: Underneath the Pecan Tree
15,982 posts, read 35,215,611 times
Reputation: 7428
Quote:
Originally Posted by 2e1m5a View Post
States in the Bos-Wash Corridor-MA, NH, RI, CT, NY, NJ, PA, DE, MD, DC, VA: 2,772,000 Millionaire Households, right after the UK on an area less than the size of Texas and comparable in size to California. That is some serious wealth.
It's not as impressive when you factor in cost of living. The Boswash corridor has a much higher cost of living; whereas in Texas; you don't have to making millions and live like a millionaire.
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Old 05-11-2011, 09:04 AM
 
Location: Los Altos Hills, CA
36,659 posts, read 67,526,972 times
Reputation: 21244
Quote:
Originally Posted by Infamous Past View Post
%'s are by annual increases, although in stint times of the recession there were loses it recooperated and began growing again last year for all cities across the board. 2008 and 2009 were years of loses for all the aforementioned cities but 2010 was surplus and 2011 will definitely presume in the same order as 2010 onwards.

1. NYC– 667,200 +18.7%
2. LA– 235,800 +13.3%
3. Chicago– 198,100 +15.1%
4. DC– 152,400 +19.3%
5. SF/Oak– 138,300 +14.5%
6. Philadelphia– 104,100 +20.1%
7. Boston– 102,300 + 14.4%
8. Detroit– 89,100 +12.1%
9. Houston- 88,200 +28.9%
10. San Jose- 86,500 +24.5%

New York Has the Most Millionaires - The Wealth Report - WSJ

Added SF + SJ = 224,800
I believe this comes from CapGemini?

I dont think their criteria is the same as Deloitte but I welcome the comparison.

My guess is that if Deloitte released data for Metro Areas, the numbers would be far larger than CapGemini. For example, Im pretty sure that Deloitte's data would show that Greater NYC has over 1 Million millionaire households.
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Old 05-11-2011, 10:04 AM
 
Location: The City
22,378 posts, read 38,925,770 times
Reputation: 7976
Quote:
Originally Posted by 18Montclair View Post
I believe this comes from CapGemini?

I dont think their criteria is the same as Deloitte but I welcome the comparison.

My guess is that if Deloitte released data for Metro Areas, the numbers would be far larger than CapGemini. For example, Im pretty sure that Deloitte's data would show that Greater NYC has over 1 Million millionaire households.

Yeah not sure what the criteria are - on paper there are many millionaires that live from paycheck to paycheck

Home equity, 401K etc.
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Old 05-11-2011, 10:29 AM
 
11,289 posts, read 26,199,461 times
Reputation: 11355
Quote:
Originally Posted by jluke65780 View Post
It's not as impressive when you factor in cost of living. The Boswash corridor has a much higher cost of living; whereas in Texas; you don't have to making millions and live like a millionaire.
I was thinking about cost of living as well. Look around in Des Moines or Omaha metros. I know couples I went to school with who moved to those quickly growing metros. The metros are very white collar, and the husbands/wives each make around $55,000 around age 30. With a household income of $110,000 you can buy a REALLY nice house in those cities.

For less than $550,000 you can basically get a 5,000sf historic home in a wealthy area, 5 bedrooms, 3 baths, lots of land, fireplaces, etc.

My friends in Dubuque work in accounting, both in their late 20's, and got a 4 bedroom brand new house with a large yard, 3 stal garage, granite, multiple fireplaces, valuted ceilings. We went to visit and about crapped outselves. They paid around $150K.

My parents have a net worth of around $1.2 million in Iowa City since the state/city pays quite well and they did a good job at saving their money (both grew up quite poor). They don't live like it, but could easily be extremely lavish if they wanted to. What's a net worth of $1.2 million going to get you in San Fran?
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Old 05-11-2011, 10:32 AM
 
3,709 posts, read 5,987,701 times
Reputation: 3039
Quote:
Originally Posted by 18Montclair View Post
I believe this comes from CapGemini?

I dont think their criteria is the same as Deloitte but I welcome the comparison.

My guess is that if Deloitte released data for Metro Areas, the numbers would be far larger than CapGemini. For example, Im pretty sure that Deloitte's data would show that Greater NYC has over 1 Million millionaire households.
Yes. Georgia is shown to have ~300k millionaires by Deloitte, but Atlanta is shown to have <100k millionaires by CapGemini. Considering Atlanta has over half of the state's population and far and away the largest concentration of wealth, something must be off with the numbers.
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Old 05-11-2011, 06:01 PM
 
13,354 posts, read 39,963,688 times
Reputation: 10790
Quote:
Originally Posted by 18Montclair View Post
We are an incredibly blessed nation. From sea to shining sea.

Projected Millionaire Households, 2020
United States 20,551,000
Japan 8,649,000
US-SOUTH 6,808,000
Germany 5,789,000
US-WEST 5,096,000
US-NORTHEAST 4,312,000
US-MIDWEST 3,971,000
United Kingdom 3,814,000
Italy 3,552,000
France 3,346,000
China 2,500,000
Canada 2,413,000
South Korea 1,730,000
Australia 1,620,000


2020
US-Northeast 4,312,000
New York 1,458,000
New Jersey 831,000
Pennsylvania 804,000
Massachusetts 603,000
Connecticut 314,000
New Hampshire 117,000
Maine 71,000
Rhode Island 69,000
Vermont 45,000

2020
US-South 6,808,000
Texas 1,592,000
Florida 1,445,000
Georgia 674,000
North Carolina 615,000
Virginia 596,000
Maryland 474,000
South Carolina 264,000
Kentucky 207,000
Alabama 206,000
Oklahoma 182,000
Louisiana 160,000
Arkansas 140,000
Mississippi 86,000
West Virginia 70,000
Delaware 52,000
District of Columbia 45,000

2020
US-Midwest 3,971,000
Illinois 803,000
Ohio 666,000
Michigan 583,000
Wisconsin 368,000
Minnesota 341,000
Indiana 365,000
Missouri 333,000
Iowa 170,000
Kansas 168,000
Nebraska 98,000
South Dakota 42,000
North Dakota 34,000

2020
US-West 5,096,000
California 2,745,000
Washington 534,000
Arizona 434,000
Colorado 378,000
Oregon 296,000
Nevada 157,000
Utah 130,000
New Mexico 109,000
Idaho 95,000
Hawaii 92,000
Alaska 52,000
Montana 44,000
Wyoming 30,000
Good job, but where's Tennessee?
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Old 05-11-2011, 06:49 PM
 
84 posts, read 90,575 times
Reputation: 43
Quote:
Originally Posted by hamlin69 View Post
So 3% of the USA are millionaires. (divide millionaires by population)

Japan- 4%

Germany-4%

Canada-5%


Per Capita for developed countries, they are basically even with everyone else. Obviously if you have 300+ million people and you are a developed country you are going to have a lot of millionaire households. Canada actually has more per capita.
No. You're using the number of individuals. The list is for the number of households. Completely different.
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Old 06-24-2011, 03:59 PM
 
Location: Philadephia!
191 posts, read 215,131 times
Reputation: 54
All them diamonds and gold in Africa and not even one African country ranks? Wtf..
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