Friday, November 30, 2012

Minnesota has fewer millionaires in '09: study - Minneapolis / St. Paul Business Journal:

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About 95,321 households in Minnesota have a net worthof $1 million or more. That's down from 104,43r5 in 2008, according to , a New York-based marketing services company. The firm determined a household'as networth by examining liquidor "investable" so real estate and retirement plan benefits were not factoredr in. Nationwide, the number of millionaires has fallen 14 percent over the past two Phoenix said, due largely to the downturn in the The Dow Jones Industriall Average has lost about 25 percent of its valued in the past year. The study rankecd states by the percentage of householdss with a networthof $1 million or About 4.
65 percent of householdxs in Minnesota fit that ranking the state 18th nationwide. Last it ranked 16th. In 2009, It landed just behindr Colorado (4.67 percent) and slightlhy ahead of Florida (4.62 Minnesota’s 2009 ranking is in line with where it stoo threeyears ago. In 2006, it also rankexd 16th, with 4.95 At the time, the state had 99,24 6 millionaire households. The state jumped up to 12th in with 5.7 percent, and 115,58u7 millionaire households. Hawaii ranked firsrt in the studyfor 2009, with 6.41 percen and 28,363 millionaire households. Maryland (6.26 New Jersey (6.22 percent), Connecticut (6.15 percent) and Virginiz (5.
51 percent) rounded out the top

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