Why Are There More Millionaires in America?
Written By: Mark W. Hendrickson | Posted: Thursday, March 15th, 2012
Recently, CNN's Money.com posted an article bearing the title, "U.S. Millionaires Population Expanded by 8 Percent in 2010." According to the article, there are now approximately 8.4 million millionaires in the United States, and last year's increase was due primarily to rising stock prices, following a 27-percent decline in the number of millionaires in 2008 due to the stock market's plunge that year.
What is one to make of this information?
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