Number of millionaires hits record
There are 700,000 more millionaire households this year than in 2004, according to a survey released Wednesday. Households with a net worth of at least $1 million excluding primary residences rose 8 percent to a record high 8.9 million, according to an annual report by TNS Financial Services, a market research and polling firm. This is the third consecutive annual increase, although this year's growth rate is far more modest than the 33 percent increase seen in 2004.I am sure my liberal friends will tell me why this is a bad thing. It seems like very good news to me though.