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NEW YORK (CNNMoney) -- What recession? The millionaire population jumped in the U.S. by 8% last year, fueled by the stock market recovery, according to an industry report on Wednesday.
The number of U.S. households worth at least $1 million rose to 8.4 million in 2010, compared to 7.8 million the prior year, according to a report by Spectrem Group.
Last year marked the second consecutive year of increases, the group said, following a 16% surge in the millionaire population in 2009
In the prior year of 2008, the millionaire population plunged 27%.
The group said the number of "ultra high net worth" households, with a net worth of at least $5 million, jumped 8% in 2010 to 1.06 million, compared to 980,000 the prior year.
The broader affluent population, meaning households with a net worth of $500,000 or more, also grew in 2010. This population rose by 6% to 13.5 million in 2010, compared to 12.7 million the year before.
Households worth at least $100,000 also grew last year, to 36.2 million from 34.6 million.
Wow. How did that happen under a Marxist/Communist/Socialist President?
Ironic, Obama gets blamed for every damn thing from $4.00 a gallon gas to not getting the United States deeper involved in Libya yet you will hear little if any praise for this.
The fact of the matter is that the Dow Jones Industrial Average has increased over 50% since Obama took office.
Ironic, Obama gets blamed for every damn thing from $4.00 a gallon gas to not getting the United States deeper involved in Libya yet you will hear little if any praise for this.
The fact of the matter is that the Dow Jones Industrial Average has increased over 50% since Obama took office.
True.. but the stock market has grown at the expense of the employees and the american consumer..
How do they know? I don't have any asking me what I'm worth and if they did I would not tell.
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