There are more millionaires in the U.S. than I realized. According to the New York Times, there are 8.9 million families with a net worth of $1 million or more in the U.S. today.
Particularly interesting was the statistic that one in seven were in 13 counties out of the whole nation: L.A., Cook (Chicago), Orange County, Maricopa (Phoenix), San Diego, Harris (Houston), Nassau, Santa Clara, Palm Beach, Middlesex (Boston), Suffold, King (Seattle), New York.
A couple other key quotes:
In most large counties, about one household in 12, or about 8.5 percent, was worth $1 million or more, Ms. Luhr said. An exception was Nassau County on Long Island, where millionaire families were more than twice as common, at 17.5 percent of all households.
The survey found that 29 percent of the millionaire households did not own stocks or bonds and 32 percent did not own mutual funds. One in four had a second mortgage on a home.
Via: My Open Wallet
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