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MA is 6th for % of Millionaires

7/15/2009 12:40:00 AM
After three years in fifth place, we just got unseated by the state of Virginia for highest percentage of millionaires. I had to read the intro paragraph twice because I would have sworn that NYC would be on there if it were number of millionaires, but since it's percentage I suppose that makes sense.

As recently as 2008, 6 percent of the state’s households had net worths of $1 million or more, Phoenix Marketing International researchers found. This year, the figure fell to 5.5 percent. That’s 137,792 millionaire households out of 2.5 million households overall.

The top four this year were: Hawaii, Maryland, New Jersey and Connecticut.

What's more interesting/useful in terms of information, the percentage of millionaires? or the absolute number of millionaires? I'd think absolute number would be more relevant.

Click (here) to read the article.



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