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Crowding on Millionaires Row

Please note: This item is from our archives and was published in 2006. It is provided for historical reference. The content may be out of date and links may no longer function.

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SURVEY SAVVY

T he number of U.S. households with more than $1 million in net worth (excluding the primary residence) has increased for the third consecutive year. Surprisingly the rise was fueled neither by real estate investments nor stock market growth but, instead, by the householders’ long-term accumulation of wealth.

There were 8.9 millionaires in 2005, up 9% from 2004 (8.2 million) and up 43% from 2003 (6.2 million).

Source: TNS Financial Services, www.tns-global.com .