Wednesday, March 10, 2010

OK, THE TOP 1% ARE RECOVERING SO...

where are all the jobs the wingers tell us these folks create?
U.S. millionaire ranks up 16 pct last year - study
* U.S. millionaire households total 7.8 mln in 2009-survey
* Off 2007 peak of 9.2 mln, but up from 6.7 mln in 2008

By Joe Rauch

CHARLOTTE, N.C., March 9 (Reuters) - The number of U.S. households with a net worth of at least $1 million jumped 16 percent last year after dipping sharply during the financial crisis, an industry consulting group said on Tuesday.

Households with a net worth of $1 million or more, excluding their primary residence, totaled 7.8 million in 2009, up from 6.7 million in 2008, according to Spectrem Group.

The study also found ultra high net worth families -- those with at least $5 million -- grew 17 percent last year to 980,000, Spectrem said.

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