Millionaires On The Rise
Even though the world is struck by “Great Recession” that wiped out $15.5 trillion in U.S. household wealth, the number of millionaires is expected to grow in the next decade. According to a report by the Deloitte Center for Financial Services, the over-all number of families having a net worth of more than $1 million in assets which consists of real estate is expected to be twice as much by 2020. In particular, the U.S. and Europe have the highest focus of wealth than any other region. Reports say that China will be ahead in the number of millionaires followed by Brazil and Russia, respectively.
Excerpt:
“Despite the Great Recession, which wiped out $15.5 trillion in household wealth in the United States alone, the number of millionaires in this country and abroad will grow rapidly over the next decade.”
Original article can be found at:
http://money.cnn.com/2011/05/05/pf/millionaire_rise/index.htm
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