Wednesday, April 18, 2007
NEW YORK (Reuters) - The number of U.S. households with a net worth of more than $5 million, excluding their primary residence, surged 23 percent to surpass one million for the first time in 2006, according to a survey released on Tuesday.
The survey by Chicago-based Spectrem Group found that the number of U.S. households with more than $5 million rose from 930,000 in 2005. In 1996, there were only 250,000 U.S. households in the "ultra-rich" category, Spectrem said.
"The past few years have been nothing but astounding for wealthy Americans," said Catherine McBreen, managing director of Spectrem, a consulting group that researches the affluent and retirement markets.
I am sure that you all are going to trickle down on the rest of us any day now.
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