SHAKING blog

Thursday, May 26, 2005

Us and Them

In case you were worried about Them, don't. You know, in this slugglishly recovering ecomony, still weakened by the big bust of 2001 and the nasty bear market years that followed, then with the waves of corporate scandals after that, all that scary talk of lay-offs and pension losses and outsourcing--well, it's a natural reaction to worry about all hard-working Americans.

But, good news! You don't have to worry about Them, because it turns out that the number of millionaires in the U.S. actually increased last year. To a record high. The number of U.S. households worth $1 million or more rose 21% last year. Hallelujah, They're gonna be okay! And hold onto your seats, and possibly your wallets and your jobs, because there's more good news: the number of households in the U.S. with assets of $20 million or more also rose--and it's increasing by 3000 every year.

We can all rest easier now, eh?

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