Number Of Millionaires Decline

June 26, 2009 | Posted by bLavish as Tid Bits & News at 10:00 am | Comments off

millionares-plummet-studyJust a few years ago we all fell surprised at the sheer rate of millionaires to join the uber-rich ranks, but now we’re seeing those numbers decline.

A new survery shows the number of millionaires in 2008 shrank considerably.  The Capgemini and Merrill Lynch & Co study reveals that the ranks of millionaires shrank 15% in 2008, and the assets of those individuals diminish by a whopping 20%.

I guess we’re all feeling this budget collapse, though some of us with Cubans in our mouths.